Category: Business

  • MIL-OSI USA: One Week Left to Apply for Federal Assistance

    Source: US Federal Emergency Management Agency

    Headline: One Week Left to Apply for Federal Assistance

    One Week Left to Apply for Federal Assistance

    LOS ANGELES – Only a week remains for homeowners, renters and businesses impacted by the January wildfires in Los Angeles County to apply for federal disaster assistance

    Monday, March 10, is the deadline to apply for both FEMA disaster assistance and a U

    S

    Small Business Administration (SBA) low-interest disaster loan

    Apply for FEMA Individual Assistance:Online at DisasterAssistance

    gov (fastest option)

    On the FEMA App (available at the Apple App Store or Google Play)

    On the FEMA Helpline at 800-621-3362

    If you use a relay service, give FEMA your number for that service

    Helpline operators speak many languages: press 2 for Spanish or press 3 for an interpreter who speaks your language

    Lines are open from 4 a

    m

    to 10 p

    m

    P

    T

    seven days a week

    Visit a Disaster Recovery Center (DRC)

     To locate a DRC near you, visit the DRC Locator

    Disaster Recovery Centers are physically accessible to people with disabilities and others with access and functional needs

    They are equipped with assistive technology and other resources to help ensure all applicants can access resources

    For an American Sign Language video on how to apply, visit FEMA Accessible: Three Ways to Register for FEMA Disaster Assistance

    Apply for an SBA Low-Interest Disaster Loan:Online at sba

    gov/disaster

     By calling SBA’s Customer Service Center hotline at 800-659-2955

     People who are deaf, hard of hearing or have a speech disability may dial 711 to access relay services

     By emailing DisasterCustomerService@sba

    gov

     At a Business Recovery Center, where you can submit a completed application or SBA representatives can help you apply

    To find a BRC near you, go to Appointment

    sba

    gov

     Applications for disaster loans may be submitted online using the MySBA Loan Portal at https://lending

    sba

    gov or other locally announced locations

     For the latest information about California’s recovery, visit fema

    gov/disaster/4856

    Follow FEMA Region 9 @FEMARegion9 on X or follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page orEspanol page and at FEMA’s YouTube account

     For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

    California is committed to supporting residents impacted by the Los Angeles Hurricane-Force Firestorm as they navigate the recovery process

    Visit CA

    gov/LAFires for up-to-date information on disaster recovery programs, important deadlines, and how to apply for assistance

    alberto

    pillot
    Sat, 03/15/2025 – 16:41

    MIL OSI USA News

  • MIL-OSI USA: Finalists Selected in NASA Aeronautics Agriculture-Themed Competition 

    Source: NASA

    Eight finalist teams participating in the 2025 NASA Gateways to Blue Skies Competition have been selected to present to a panel of judges their design concepts for aviation solutions that can help the agriculture industry. 
    Sponsored by NASA’s Aeronautics Research Mission Directorate, this year’s competition asked teams of university students to research new or improved aviation solutions to support agriculture. The goal of the competition, titled AgAir: Aviation Solutions for Agriculture, is to enhance production, efficiency, sustainability, and resilience to extreme weather. Participants submitted proposals and accompanying videos summarizing their AgAir concepts and describing how they could demonstrate benefits by 2035 or sooner.  
    “We continue to see a growing interest in our competition with a tremendous response to this year’s agricultural theme – so many great ideas fueled by the passion of our future workforce,” said Steven Holz, NASA Aeronautics University Innovation assistant project manager and co-chair of the Gateways to Blue Skies judging panel. “We are excited to see how each finalist team fleshes out their original concept in their final papers, infographics, and presentations.” 
    The eight finalist teams will each receive stipends to facilitate their participation in the culminating Gateways to Blue Skies Forum, which will be held near NASA’s Armstrong Flight Research Center in Palmdale, California, May 20-21 and livestreamed globally. Finalists will present to a panel of NASA and industry experts, and the winning team will have the opportunity to intern at one of NASA’s aeronautics centers during the coming academic year. 

    steven holz
    NASA Aeronautics University Innovation Assistant Project Manager

    The finalists’ projects and their universities are: 
    Proactive Resource Efficiency via Coordinated Imaging and Sprayer ExecutionAuburn University, in Alabama
    Precision Land Analysis and Aerial Nitrogen TreatmentBoston University
    Pheromonal Localization Overpopulation Regulation AircraftColumbia University, in New York
    Sky Shepherd: Autonomous Aerial Cattle MonitoringEmbry-Riddle Aeronautical University in Daytona Beach, Florida
    Hog Aerial Mitigation SystemHouston Community College, in Texas
    Soil Testing and Plant Leaf Extraction DroneSouth Dakota State University, in Brookings
    RoboBeesUniversity of California, Davis
    CattleLog Cattle Management SystemUniversity of Tulsa, in Oklahoma
    The agriculture industry is essential for providing food, fuel, and fiber to the global population. However, it faces significant challenges. NASA Aeronautics is committed to supporting commercial, industrial, and governmental partners in advancing aviation systems to modernize agricultural capabilities.  
    The Gateways to Blue Skies competition is sponsored by NASA’s Aeronautics Research Mission Directorate’s University Innovation Project and is managed by the National Institute of Aerospace. 
    More information on the competition is available on the  AgAir: Aviation Solutions for Agriculture competition website. 

    MIL OSI USA News

  • MIL-OSI USA: Meet the Johnson CLPS Team Supporting NASA’s Lunar Exploration Goals

    Source: NASA

    As part of NASA’s Artemis campaign, the Commercial Lunar Payload Services (CLPS) initiative, managed out of Johnson Space Center in Houston, is paving the way for conducting lunar science for the benefit of humanity.
    Through CLPS, NASA teams worked closely with commercial companies to develop a new model for space exploration, enabling a sustainable return to the Moon. These commercial missions deliver NASA science and technology to the lunar surface, providing insights into the environment and demonstrating new technologies that will support future astronauts—on the Moon and, eventually, on Mars.

    2025: A Year of Lunar Firsts
    This year has already seen historic milestones. Firefly Aerospace’s Blue Ghost Mission 1 successfully delivered 10 science and technology instruments to the Moon on March 2, 2025. It touched down near a volcanic feature called Mons Latreille within Mare Crisium, a basin over 300 miles wide in the northeast quadrant of the Moon’s near side. Intuitive Machines’ IM-2 Mission, landed near the Moon’s South Pole on March 6, marking the southernmost lunar landing ever achieved.
    The lunar deliveries for NASA have collected valuable insights and data to inform the next giant leap in humanity’s return to the Moon, helping scientists address challenges like lunar dust mitigation, resource utilization, and radiation tolerance.
    Meet the Johnson employees contributing to lunar innovations that are helping to shape the future of human presence on the Moon.
    Mark Dillard: Pioneering Payload Integration

    Mark Dillard, Blue Ghost Mission 1 payload integration manager, has been at the forefront of space exploration for more than 40 years, including 28 years with the International Space Station Program. Beyond ensuring all NASA payloads are integrated onto the lunar landers, he oversees schedules, costs, and technical oversight while fostering strong partnerships with CLPS vendors and NASA science teams.
    “I believe NASA is about to enter its next Golden Age,” said Dillard. “The enthusiasm of Firefly’s engineering team is contagious, and it has been a privilege to witness their success.”
    Dillard’s career includes five years as NASA’s resident manager in Torino, Italy, where he oversaw the development of International Space Station modules, including three logistics modules, the European Space Agency’s Columbus module, and two space station nodes.

    “Like Apollo, Shuttle, and the International Space Station Programs, Artemis will add the next building block for space exploration,” said Dillard. “The CLPS initiative is a significant building block, aiming to establish reliable and long-term access to the lunar surface.”
    Susan Lederer: Guiding Science in Real Time

    Susan Lederer, IM-2 project scientist, has spent years ensuring all the NASA instruments are fully prepared for lunar operations. She oversees real-time science operations from IM’s Nova Control Center, working to maximize the mission’s scientific return and prepare for the next generation of astronauts to explore the Moon, Mars, and beyond.
    “We have done our best with remote data, but the only way to truly understand the Moon—how to drill for resources, how to live on another celestial body—is to go there and do the experiments,” she said. “Now, we get to do that.”
    Lederer’s path to CLPS was shaped by a background in space exploration, astrophysics, and planetary science. She has contributed to multiple spacecraft missions, including NASA’s Deep Impact mission, which sent a projectile into Comet Tempel 1, and a separate mission that retrieved a sample from asteroid Itokawa.
    On Ascension Island, a remote joint U.S. Air Force and Royal Air Force base, she co-led the construction of a 20,000-pound optical telescope to study space debris. Her work spans collaborations with the Defense Advanced Research Projects Agency, a tenure as a physics professor, and the design of impact experiments at NASA’s Experimental Impact Lab, where she used a vertical gun firing projectiles at speeds exceeding those of sniper rifles to study asteroid and comet collisions.
    Lederer has logged hundreds of hours conducting observing runs at professional observatories worldwide, where she refined both her scientific precision and her ability to repair instruments while working alone on remote mountaintops.
    As a private pilot and SciComm (the science equivalent of Capsule Communicator) for NASA’s Desert Research and Technology Studies, she honed her mission communication skills. She was also part of an international team that discovered two extrasolar planetary systems—one with a single Earth-sized planet and another with seven—orbiting ultracool red dwarf stars.
    Her expertise has uniquely prepared her to oversee real-time science operations for lunar missions in high-intensity environments.

    Lederer emphasizes the importance of both scientific discovery and the practical realities of living and working on another world—a challenge NASA is tackling for the first time in history.
    “Honestly, it’s when things don’t go as planned that you learn the most,” she said. “I’m looking forward to the surprises that we get to solve together as a team. That’s our greatest strength—the knowledge and teamwork that make this all happen.”
    Lederer credits the success of CLPS lunar deliveries to the dedication of teams working on payloads like Polar Resources Ice Mining Experiment-1 and Lunar Retroreflector Array, as well as peers within NASA’s Science Mission Directorate, Space Technology Mission Directorate, and Intuitive Machines.
    “What we do every day in CLPS creates a new world for exploration that is efficient in schedule, cost, and gaining science and technology knowledge in these areas like we’ve never done before,” said Lederer. “It feels very much like being a trailblazer for inspiring future generations of explorers – at least that’s my hope, to keep the next generation inspired and engaged in the wonders of our universe.”

    MIL OSI USA News

  • MIL-OSI USA: VIDEO: Columbia University Student Whose Visa Was Revoked for Supporting Hamas and Terrorist Activities Used CBP Home App to Self-Deport

    Source: US Federal Emergency Management Agency

    Headline: VIDEO: Columbia University Student Whose Visa Was Revoked for Supporting Hamas and Terrorist Activities Used CBP Home App to Self-Deport

    lass=”text-align-center”>Another student who supported Hamas was arrested by ICE HSI for overstaying her student visa

       
    WASHINGTON – Today, Secretary of Homeland Security Kristi Noem announced that one of the Columbia students who had her student visa revoked for advocating for violence and terrorism self-deported using the CBP Home App and ICE arrested a Palestinian student for overstaying her expired F-1 visa

     
    Ranjani Srinivasan, a citizen and national of India, entered the United States on a F-1 student visa as doctoral student in Urban Planning at Columbia University

    Srinivasan was involved in activities supporting Hammas, a terrorist organization

    On March 5, 2025, the Department of State revoked her visa

    The Department of Homeland Security has obtained video footage of her using the CBP Home App to self-deport on March 11

     
    Another student Leqaa Kordia, a Palestinian from West Bank, was arrested by ICE HSI Newark officers for overstaying her expired F-1 student visa

    Her visa terminated on January 26, 2022, for lack of attendance

    Previously, in April 2024 Kordia was arrested for her involvement in pro-Hamas protests at Columbia University in New York City

     
    The below statement is attributable to Secretary Noem:  
    “It is a privilege to be granted a visa to live and study in the United States of America

    When you advocate for violence and terrorism that privilege should be revoked, and you should not be in this country

    I am glad to see one of the Columbia University terrorist sympathizers use the CBP Home app to self-deport

    ” 

    MIL OSI USA News

  • MIL-OSI USA: Disaster Recovery Center in Mercer County will Temporarily Close on Saturday March 15

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center in Mercer County will Temporarily Close on Saturday March 15

    Disaster Recovery Center in Mercer County will Temporarily Close on Saturday March 15

    CHARLESTON, W

    Va

    — The Disaster Recovery Center (DRC) in Mercer County will be temporarily closed on Saturday, March 15, and will re-open on Monday, March 17 at 8 a

    m

    It will also be temporarily closed on Saturday, March 22, but will re-open on Monday, March 24 at 8 a

    m

     A DRC is a one-stop shop where survivors can meet face-to-face with FEMA representatives, apply for FEMA assistance, get help understanding and responding to a FEMA letter, receive referrals to local assistance, apply with the U

    S

    Small Business Administration (SBA) for low-interest disaster loans, and much more

    To find the DRC closest to you, including addresses and hours, visit FEMA

    gov/drc or text DRC and a ZIP code to 43362

      There are other ways to stay in touch with FEMA

    Apply by phone at 800-621-3362Apply online at DisasterAssistance

    govApply with the FEMA AppDownload the free FEMA mobile app, available at Google Play or the Apple App StoreApply in person at one of our other FEMA West Virginia Disaster Recovery Centers:Mercer County Disaster Recovery CenterMcDowell County Disaster Recovery CenterLifeline Princeton Church of God250 Oakvale Road Princeton, WV 24740 Hours of operation:Monday to Friday: 9 a

    m

    – 5 p

    m

    Saturday: 10 a

    m

    – 2 p

    m

    Closed Sundays Closed March 15, March 22, April 19Bradshaw Town Hall10002 Marshall HwyBradshaw, WV 24817 Hours of operation:Monday to Saturday: 8 a

    m

    to 6 p

    m

    Closed SundaysMingo County Disaster Recovery CenterWyoming County Disaster Recovery CenterWilliamson Campus1601 Armory DriveWilliamson, WV 25661 Hours of operation:Monday through Saturday, 8 a

    m

    to 6 p

    m

     Closed on SundaysWyoming Court House24 Main AvePineville, WV 24874 Hours of operation:Monday through Friday: 8 a

    m

    to 6 p

    m

     Saturday: 9 a

    m

    to 3 p

    m

    Closed on SundaysVisit fema

    gov/drc to find the latest recovery center informationFor more information on West Virginia’s disaster recovery, visit emd

    wv

    gov, West Virginia Emergency Management Division Facebook page, www

    fema

    gov/disaster/4861 and www

    facebook

    com/FEMA

    ###FEMA’s mission is helping people before, during and after disasters

    Follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page or Espanol page and at FEMA’s YouTube account

    Also, follow on X FEMA_Cam

    For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

    kelly

    magarity
    Fri, 03/14/2025 – 13:32

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces appointments 3.14.25

    Source: US State of California 2

    Mar 14, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Janessa Goldbeck, of San Diego, has been appointed to the California Veterans Board. Goldbeck has been the Chief Executive Officer of Vet Voice Foundation since 2022 and the Principal of Sui Generis Strategies since 2017. She was a Captain in the United States Marine Corps from 2012 to 2019. Goldbeck was the National Field Director at Genocide Intervention Network from 2007 to 2011. She is a board member of the San Diego LGBT Community Center and Equality California. Goldbeck is a member of the San Diego Rotary Club 33 and the Truman National Security Project. She earned a Master of the Arts degree in Public Leadership from the University of San Francisco, and a Bachelor of Science degree in Journalism from Northwestern University. This position requires Senate confirmation, and the compensation is $100 per diem. Goldbeck is a Democrat. 

    Courtney Welch, of Emeryville, has been appointed to the California Housing Partnership Corporation. Welch has been the Director of External Affairs of the California Housing Defense Fund since 2023 and a City Councilmember of the City of Emeryville since 2021. She held multiple roles at the City of Emeryville from 2022 to 2024, including Mayor and Vice-Mayor. She was the Director of Planning and Investigation at the California Housing Defense Fund from 2022 to 2023. She was the Director of Policy and Communications of the Bay Area Community Land Trust from 2021 to 2022. Welch was a Continuum of Care Specialist at EveryOne Home from 2020 to 2021. She was an Affordable Housing Program Coordinator at HomeownershipSF from 2018 to 2020. Welch is a member of the Alameda County Housing and Community Development Advisory Board, and the Children’s Hospital Consumer Advisory Board. She studied General Studies at Hampton University. This position requires Senate confirmation, and there is no compensation. Welch is a Democrat. 

    Indira Cameron-Banks, of Los Angeles, has been appointed to the Civil Rights Council. Cameron-Banks has been a Founding Partner of Cameron Banks Law, Cameron Jones LLP since 2021. She was Director at the Lawyers Preventing and Ending Homelessness Project, Inner City Law Center from 2020 to 2021. Cameron-Banks held multiple positions at the United States Attorneys’ Office for the Central District of California from 2007 to 2020, including Assistant United States Attorney, Special Counsel to the United States Attorney, and Chief of Financial Litigation Section. She is a member of the Social and Economic Policy Advisory Board for the RAND Corporation. Cameron-Banks earned her Juris Doctor degree from Boston University and her Bachelor of the Arts degree from the University of Chicago. This position requires Senate confirmation, and the compensation is $100 per diem. Cameron-Banks is a Democrat.

    Ricardo Sanchez, of Hollister, has been appointed to the California State Board of Pharmacy. Sanchez has been an Investigator at the California Department of Motor Vehicles since 1989. He is the Chief Financial Officer for the California Statewide Law Enforcement Association and a Member of the San Benito Masonic Temple #211, Order of Eastern Star, Athena #46, California Mexican American Veteran Memorial Beautification and Enhancement Committee and El Solado Latino. Sanchez earned a Bachelor of Arts degree in Criminal Justice from Union Institute and University. This position does not require Senate confirmation, and the compensation is $100 per diem. Sanchez is a Democrat. 

    Press Releases, Recent News

    Recent news

    News What you need to know: Aided by $10 million from the State of California, LA Rises, Maersk and APM Terminals, LA-area grant program awards $2.7 million to fire-impacted small businesses, nonprofits and workers to navigate recovery and rebuilding.  LOS ANGELES –…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Andrew King, of Sacramento, has been appointed Deputy Director of Data Operations Strategy at the Office of Data and Innovation. King has been Manager of the Data Operations Section at…

    News What you need to know: California is expanding its collaboration with NASA’s Jet Propulsion Laboratory to leverage cutting-edge technologies to protect public health and help Los Angeles rebuild.  LOS ANGELES – As part of the state’s ongoing actions to support…

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: LA’s rebuilding and recovery efforts continue with support from Governor Newsom and LA Rises

    Source: US State of California 2

    Mar 14, 2025

    What you need to know: Aided by $10 million from the State of California, LA Rises, Maersk and APM Terminals, LA-area grant program awards $2.7 million to fire-impacted small businesses, nonprofits and workers to navigate recovery and rebuilding. 

    LOS ANGELES – Yesterday, the Los Angeles County Department of Economic Opportunity (DEO) and City of Los Angeles announced the first round of grants for the LA Region Small Business and Worker Relief Funds that will provide direct cash assistance to impacted workers, small businesses, and non-profits. A total of $2.7 million was disbursed to 82 businesses and 324 workers in this initial phase, including those businesses and nonprofits that had physical brick-and-mortar locations destroyed in the fires.

    “We know that small businesses are not only key to a thriving economy but also make up the heart of healthy communities, and we’re committed to doing everything in our power to help them rise and rebuild. We applaud the City and County of Los Angeles for getting these critical funds out the door as quickly as possible to protect and support the businesses and workers that have been most impacted.”

    Governor Gavin Newsom

    Supported by a $10 million investment from the State of California, Maersk and APM Terminals, and LA Rises, led by Dodgers Chairman Mark Walter, business leader and basketball legend Earvin “Magic” Johnson, and Casey Wasserman, these relief funds are expected to award an additional $15.9 million later this month. This was the first investment by LA Rises, the unified recovery effort launched by the Governor in January.

    Donations to close the gap on the unmet needs of these funds are welcomed and can be made at lacounty.gov/relief.  

    Continuing to support recovery and rebuilding in LA 

    Late last month, the Governor was in Los Angeles to launch the California Jobs First Economic Blueprint as part of his continued tour of the state’s thirteen economic regions. The Blueprint was paired with $125 million in funding to support new, ready-to-go projects and $15 million for economic development projects for California Native American tribes.

    In addition, the Governor received the Los Angeles Jobs First Collaborative’s regional plan and announced $3 million to support their recovery efforts for the region, including for the launch of public-facing campaigns to promote small business support and the addition of capacity for near-term business and economic recovery. 

    Federal business and worker assistance resources still available 

    Last week, at Governor Gavin Newsom’s request, the Federal Emergency Management Agency (FEMA) extended the deadline for survivors of the Los Angeles fires to register for federal aid. The deadline to apply for Disaster Unemployment Assistance was also extended. 

    Homeowners and renters who have incurred damage or losses from the Los Angeles County wildfires now have until Monday, March 31, 2025, to apply for FEMA Individual Assistance and Small Business Administration assistance. These programs provide financial and other assistance to eligible individuals and households to help meet their basic needs and supplement their wildfire recovery efforts.

    Recent news

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Janessa Goldbeck, of San Diego, has been appointed to the California Veterans Board. Goldbeck has been the Chief Executive Officer of Vet Voice Foundation since 2022 and the Principal…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Andrew King, of Sacramento, has been appointed Deputy Director of Data Operations Strategy at the Office of Data and Innovation. King has been Manager of the Data Operations Section at…

    News What you need to know: California is expanding its collaboration with NASA’s Jet Propulsion Laboratory to leverage cutting-edge technologies to protect public health and help Los Angeles rebuild.  LOS ANGELES – As part of the state’s ongoing actions to support…

    MIL OSI USA News

  • MIL-OSI USA: HAWAI‘I JANUARY UNEMPLOYMENT RATE AT 3.0 PERCENT

    Source: US State of Hawaii

    HAWAI‘I JANUARY UNEMPLOYMENT RATE AT 3.0 PERCENT

    Posted on Mar 14, 2025 in Latest Department News, Newsroom

     

     

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM

    KA ʻOIHANA HOʻOMOHALA PĀʻOIHANA, ʻIMI WAIWAI A HOʻOMĀKAʻIKAʻI

     

    RESEARCH AND ECONOMIC ANALYSIS DIVISION

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIAʻĀINA

     

    JAMES KUNANE TOKIOKA

    DIRECTOR

    KA LUNA HOʻOKELE

     

    1. EUGENE TIAN

    CHIEF STATE ECONOMIST

     

    HAWAI‘I JANUARY UNEMPLOYMENT RATE AT 3.0 PERCENT 

    Jobs Increased by 9,900 Year-Over-Year

    FOR IMMEDIATE RELEASE

    March 14, 2025

    HONOLULU — The Hawai‘i State Department of Business, Economic Development and Tourism (DBEDT) today announced that the seasonally adjusted unemployment rate for January was 3.0 percent, the same as the previous six consecutive months after benchmark revision. In January, 662,850 persons were employed and 20,400 were unemployed, for a total seasonally adjusted labor force of 683,250 statewide. Nationally, the seasonally adjusted unemployment rate was 4.0 percent in January, down from 4.1 percent in December.

    The unemployment rate figures for the state of Hawai‘i and the U.S. in this release are seasonally adjusted in accordance with U.S. Bureau of Labor Statistics (BLS) methodology. The not-seasonally adjusted rate for the state was 2.7 percent in January, compared to 2.8 percent in December.

    Industry Payroll Employment (Establishment Survey)

    In a separate measure of employment, total nonagricultural jobs decreased by 500 month-over-month, from December 2024 to January 2025. Job gains were experienced in Manufacturing (+100); Private Education & Health Services (+100); and Other Services (+100). Employment in Construction remained unchanged. Job losses occurred in Information (-100); Trade, Transportation & Utilities (-200); Financial Activities (-200); Professional & Business Services (-500); and Leisure & Hospitality (-1,100). Within Leisure & Hospitality, the bulk of the job contraction was in Food Services & Drinking Places. Government employment went up by 1,300 jobs, primarily due to a smaller-than-typical seasonal release of workers in both the Department of Education and the University of Hawai‘i system. Year-over-year, nonfarm jobs have gone up by 9,900, or 1.6 percent.

     

    Technical Notes:

    Labor Force Components

    The concepts and definitions used by the Local Area Unemployment Statistics (LAUS) program are the same as those used in the Current Population Survey for the national labor force data:

    • Civilian labor force. Included are all persons in the civilian noninstitutional population ages 16 and older classified as either employed or unemployed. (See the definitions below.)
    • Employed persons. These are all persons who, during the reference week (the week including the twelfth day of the month), (a) did any work as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of their family, or (b) were not working but who had jobs from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs. Each employed person is counted only once, even if he or she holds more than one job.
    • Unemployed persons. Included are all persons who had no employment during the reference week, were available for work, except for temporary illness and had made specific efforts to find employment sometime during the four-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.
    • Unemployment rate. The unemployed percent of the civilian labor force [i.e., 100 times (unemployed/civilian labor force)].

    Seasonal Adjustment

    The seasonal fluctuations in the number of employed and unemployed persons reflect hiring and layoff patterns that accompany regular events such as the winter holiday season and the summer vacation season. These variations make it difficult to tell whether month-to-month changes in employment and unemployment are due to normal seasonal patterns or to changing economic conditions. Therefore, the BLS uses a statistical technique called seasonal adjustment to address these issues. This technique uses the history of the labor force data and the job count data to identify the seasonal movements and to calculate the size and direction of these movements. A seasonal adjustment factor is then developed and applied to the estimates to eliminate the effects of regular seasonal fluctuations on the data. Seasonally adjusted statistical series enable more meaningful data comparisons between months or with an annual average.

    Current Population (Household) Survey (CPS)

    A survey conducted for employment status in the week that includes the twelfth day of each month generates the unemployment rate statistics, which is a separate survey from the Establishment Survey that yields the industry job counts. The CPS survey contacts approximately 1,000 households in Hawai‘i to determine an individual’s current employment status. Employed persons consist of 1) all persons who did any work for pay or profit during the survey reference week, 2) all persons who did at least 15 hours of unpaid work in a family-owned enterprise operated by someone in their household and 3) all persons who were temporarily absent from their regular jobs, whether they were paid or not. Persons considered unemployed are those that do not have a job, have actively looked for work in the prior four weeks and are available for work. Temporarily laid-off workers are counted as unemployed, whether or not they have engaged in a specific job-seeking activity. Persons not in the labor force are those who are not classified as employed or unemployed during the survey reference week.

    Benchmark Changes to Local Area Unemployment Statistics Data

    Statewide and sub-state data for 2019 to 2024 have revised inputs and data for 1990 to 2024 have been re-estimated to reflect revised population controls and model re-estimation.

    Change to Monthly Employment Estimates

    This release incorporates revised job count figures for the seasonally adjusted series. The revised data reflects historical corrections applied to unadjusted super sector or sector-level series dating back from 2018 through 2024. For years, analysts with the state of Hawai‘i Department of Labor and Industrial Relations Research and Statistics Office have developed monthly employment estimates for Hawai‘i and its metropolitan areas. These estimates were based on a monthly survey of Hawai‘i businesses and analysts’ knowledge about our local economies. Beginning with the production of preliminary estimates for March 2011, responsibility for the production of state and metropolitan area (MSA) estimates were transitioned from individual state agencies to the U.S. Bureau of Labor Statistics (BLS).

    For Hawai‘i, this means the transition of statewide, Honolulu and Kahului-Wailuku MSA estimates for both the seasonally adjusted and not-seasonally adjusted areas are produced by BLS. State agencies will continue to provide the BLS with information on local events that may affect the estimates, such as strikes or large layoffs/hiring at businesses not covered by the survey and to disseminate and analyze the Current Employment Statistics (CES) estimates for local data users. BLS feels this change is designed to improve the cost efficiency of the CES program and to reduce the potential bias in state and area estimates. A portion of the cost savings generated by this change is slated to be directed toward raising survey response rates in future years, which will decrease the level of statistical error in the CES estimates. Until then, state analysts feel this change could result in increased month-to-month variability for the industry employment numbers, particularly for Hawai‘i’s counties and islands. BLS can be reached at 202-691-6555 for any questions about these estimates.

    The not-seasonally adjusted job estimates for Hawai‘i County, Kaua‘i County, Maui, Moloka‘i and Lāna‘i are produced by the state of Hawai‘i Department of Business, Economic Development and Tourism.

    Labor Force Estimates for Small Areas

    Labor Force estimates for the islands within Maui County (Maui, Moloka‘i and Lānai) are produced by the state of Hawai‘i Department of Business, Economic Development and Tourism.

    Seasonally Adjusted Labor Force and Unemployment Estimates for Honolulu and Maui County

    BLS publishes smoothed seasonally adjusted civilian labor force and unemployment estimates for all metropolitan areas, which includes the City and County of Honolulu and Maui County.

    BLS releases this data each month in the Metropolitan Area Employment and Unemployment news release. The schedule is available at http://www.bls.gov/news.release/metro.toc.htm.

    Alternative Measures of Labor Underutilization

     

    Alternative Measures of Labor Underutilization for States, 2024 annual averages (percent)  
    Area Measure  
    U-1 U-2 U-3 U-4 U-5 U-6
                 
    United States 1.5 1.9 4.0 4.3 4.9 7.5
                 
    Hawai‘i 0.8 1.1 3.1 3.2 4.0 6.4

     

    The six alternative labor underutilization state measures based on the Current Population Survey (CPS) and compiled on a four-quarter moving-average basis defined as:

    U-1, persons unemployed 15 weeks or longer, as a percent of the civilian labor force;

    U-2, job losers and persons who completed temporary jobs, as a percent of the civilian labor force;

    U-3, total unemployed, as a percent of the civilian labor force (this is the definition used for the official unemployment rate);

    U-4, total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers;

    U-5, total unemployed, plus discouraged workers, plus all other marginally attached workers*, as a percent of the civilian labor force plus all marginally attached workers; and

    U-6, total unemployed, plus all marginally attached workers, plus total employed part-time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.

    *Individuals who want and are available for work, and who have looked for a job sometime in the prior 12 months (or since the end of their last job if they had one within the past 12 months) but were not counted as unemployed because they had not searched for work in the four weeks preceding the survey, for such reasons as childcare or transportation problems, for example. Discouraged workers are a subset of the marginally attached.

    Please note that the state unemployment rates (U-3) that are shown are derived directly from the CPS. As a result, these U-3 measures may differ from the official state unemployment rates for the latest four-quarter period. The latter are estimates developed from statistical models that incorporate CPS estimates, as well as input data from other sources, such as state unemployment claims data.

    ###

    Media Contacts:

     

    Dr. Eugene Tian

    Chief State Economist

    Research and Economic Analysis Division

    Department of Business, Economic Development and Tourism

    Phone: 808-586-2470

    Email: [email protected]

    Laci Goshi

    Communications Officer

    Department of Business, Economic Development and Tourism

    Cell: 808-518-5480

    Email: [email protected]

    MIL OSI USA News

  • MIL-OSI Europe: Text adopted – Social and employment aspects of restructuring processes: the need to protect jobs and workers’ rights – P10_TA(2025)0039 – Thursday, 13 March 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to the Treaty on the Functioning of the European Union, in particular Articles 151 and 153 thereof,

    –  having regard to the European Pillar of Social Rights,

    –  having regard to its resolution of 5 October 2016 on the need for a European reindustrialisation policy in light of the recent Caterpillar and Alstom cases(1),

    –  having regard to its resolution of 15 January 2013 with recommendations to the Commission on information and consultation of workers, anticipation and management of restructuring(2),

    –  having regard to its resolution of 16 December 2021 on democracy at work: a European framework for employees’ participation rights and the revision of the European Works Council Directive(3),

    –  having regard to its resolution of 23 November 2023 on job creation – the just transition and impact investments(4),

    –  having regard to its resolution of 2 February 2023 with recommendations to the Commission on Revision of European Works Councils Directive(5),

    –  having regard to the International Labour Organization’s (ILO) 2015 guidelines for a just transition towards environmentally sustainable economies and societies for all,

    –  having regard to the La Hulpe Declaration on the future of the European Pillar of Social Rights of 16 April 2024,

    –  having regard to the Tripartite Declaration for a Thriving European Social Dialogue of January 2024(6),

    –  having regard to the Council Recommendation of 16 June 2022 on ensuring a fair transition towards climate neutrality(7),

    –  having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

    –  having regard to Regulation (EU) 2021/1056 of the European Parliament and of the Council of 24 June 2021 establishing the Just Transition Fund(8),

    –  having regard to the Commission communication of 1 July 2020 entitled ‘European Skills Agenda for sustainable competitiveness, social fairness and resilience’ (COM(2020)0274),

    –  having regard to the opinion of the European Committee of the Regions of 25 May 2023 on zero long-term unemployment: the local and regional perspective(9),

    –  having regard to the Commission communication of 1 February 2023 entitled ‘A Green Deal Industrial Plan for the Net-Zero Age’ (COM(2023)0062),

    –  having regard to Rule 136(2) of its Rules of Procedure,

    –  having regard to the motion for a resolution of the Committee on Employment and Social Affairs,

    A.  whereas the transition to a green, digital and competitive European economy is necessary to maintain the European social model, but can itself only be achieved if people are sufficiently protected from the potential adverse social consequences of major economic changes; whereas protecting the environment and climate is imperative for long-term prosperity and well-being;

    B.  whereas social dialogue, collective bargaining and strong trade union involvement are essential for ensuring workers’ information and consultation rights during restructuring processes; whereas workers’ involvement through information-sharing, consultation and participation in company decision-making processes is more important than ever to ensure a fair and just transition, competitiveness, and the economic growth of companies and to protect jobs and workers’ collective interests, such as decent working conditions, fair wages and equal treatment; whereas the just transition is about supporting social justice and upward social convergence and ensuring fair burden-sharing, while safeguarding a sustainable, resource-efficient and competitive economy, reaching climate neutrality and fighting climate change;

    C.  whereas restructuring processes can lead to both job losses and job gains and can include and take different forms, such as internal restructuring, business expansion, closure, bankruptcy, merger/acquisition, offshoring/delocalisation, outsourcing, relocation and reshoring; whereas Council Directives 98/59/EC(10), 2001/23/EC(11) and 2002/14/EC(12) lay down the information and consultation rights of workers in the event of the restructuring of enterprises;

    D.  whereas only 40 % of European trade unions report having sufficient resources to represent workers effectively during restructuring processes(13); whereas trade union representatives trained in restructuring negotiations are 50 % more effective in preserving jobs(14); whereas, according to Eurofound, a lack of resources and skills, as well as time, have been identified as a key obstacle for social partner engagement in shaping the just transition, particularly at the local and regional levels; whereas the capacity of European Works Councils to influence restructuring processes is found to be limited and needs to be further strengthened;

    E.  whereas it is essential to ensure job creation and decent working conditions, supporting the transition to a sustainable and profitable economy, long-term economic viability and environmental sustainability; whereas the transformation of our industrial base provides an opportunity to strengthen European autonomy, reverse deindustrialisation, create secure and stable jobs and help us meet climate and environmental targets, while protecting workers’ rights and people at the heart of a social Europe; whereas retraining funding for workers made redundant as a result of large-scale restructuring has been provided through the European Globalisation Adjustment Fund, benefitting thousands of European workers;

    F.  whereas companies that are restructuring should prioritise long-term objectives, such as economic sustainability and long-term employment stability, in combination with other objectives such as economic profits, while strengthening trade union involvement and corporate social responsibility in their restructuring plans; whereas small and medium-sized enterprises (SMEs) in particular should be supported in this;

    G.  whereas shortages of skilled workers, including vocationally trained experts, in key sectors are a significant obstacle to the competitiveness of the EU economy and its ability to accomplish the green and digital transitions;

    H.  whereas the manufacturing industry, including the automotive, steel and microchips and semiconductors sectors, is one of the vital economic pillars in Europe; whereas these sectors provide millions of direct and indirect jobs;

    I.  whereas it is important to move towards the decarbonisation of road transport, which must be achieved in such a way as to limit job losses in the car industry, and to include all stakeholders and social partners in the transformation process; whereas affected workers should be supported by providing upskilling, reskilling and training opportunities and relevant safety nets in the event of temporary unemployment;

    1.  Underlines the principles of the European Pillar of Social Rights and, in particular, principle 5 on secure and adaptable employment, including the right to fair and equal treatment regarding working conditions, principle 7 on information about employment conditions and protection in case of dismissals and principle 8 on social dialogue and involvement of workers; stresses the urgent need for an ambitious competitive European industrial policy with significant investment that will support the services of general interest(15) and innovation, while reducing the administrative burden in Member States, and deliver quality jobs in every region and sector, strengthen social progress and meet climate targets; underlines that this policy should be combined with resilient and strong national public services, such as access to social protection, decent and affordable housing, affordable, efficient and climate neutral transport, affordable and available childcare, elderly care, and support for people with disabilities;

    2.  Recognises that the EU needs to reform its economy in order to maintain its competitiveness and achieve the green and digital transitions, including through a European industrial policy; welcomes the establishment of a European Competitiveness Fund, as envisaged by the President of the European Commission Ursula von der Leyen; reiterates its call for the economic governance framework to be strengthened by a common investment instrument(16) at EU level in order to achieve the EU’s current and future priorities, including the implementation of the European Pillar of Social Rights; believes that such an instrument should ensure that the necessary resources are available in all relevant sectors for developing an industrial policy and for policies that support the protection and creation of quality jobs and that contribute to upward social convergence; reiterates its previous call on the Commission and the Council to reinforce the European instrument for temporary support to mitigate unemployment risks in an emergency instrument (SURE) to support short-time work schemes, workers’ income and workers who would be temporarily laid off in the context of the green transition, while taking into account the outcome of the final evaluation report and considering that SURE saved 40 million jobs(17);

    3.  Highlights that the delivery of a European industrial policy for quality jobs requires the full involvement of social partners and needs to be implemented through social dialogue and collective bargaining; calls on the Commission to present an ambitious quality jobs roadmap and to implement the principles of the European Pillar of Social Rights; calls on the Commission to ensure the full involvement and consultation of social partners in the design and implementation of the upcoming European clean industrial deal and to include the overall objective of ensuring job quality and stability at EU level;

    4.  Calls for the EU to adopt trade policies that promote and protect quality jobs; stresses that future trade agreements must include labour clauses in line with ILO standards to ensure that global trade protects workers and SMEs;

    5.  Urges the Commission in the context of the forthcoming revision of the European Public Procurement Directive(18) to further promote collective bargaining and the use of the social clause, and preferential treatment for companies whose workers are covered by collective agreements; underlines that contracting authorities must exclude from public tenders economic operators that have engaged in criminal activities; maintains that public procurement should strategically strengthen corporate social responsibility; highlights the importance of ensuring that European and national funds are used to facilitate the transition to a climate-neutral economy, including by promoting social dialogue and collective bargaining; considers, furthermore, that no EU financial support should go to undertakings that do not comply with the applicable working and employment conditions and/or employer obligations resulting from EU or national labour law or the relevant collective agreements; believes that this support should also be used to promote European industrial competiveness and the creation of quality jobs in the EU and promote collective bargaining and compliance with EU and national labour rights and laws, including decent working conditions; calls for EU funding and State aid by Member States to be aligned with a European industrial policy, in order to offer high-quality jobs, promote collective bargaining, respect of EU labour rights and standards, improve the competitiveness of European businesses and ensure improved working conditions;

    6.  Calls for European investments in vital sectors and essential products to strengthen the EU’s strategic autonomy, as well as the digital and green transitions, such as zero-emission transport, renewable energy, clean tech and digital technologies, including artificial intelligence; insists that these investments must fully respect existing legislation on workers’ rights and strengthen community development;

    7.  Invites the Commission to monitor the trends in restructuring and their impact on employment, using data from tools such as the European Restructuring Monitor and the EU Fair Transition Observatory, which should be launched in 2025, to track the number of jobs created or lost and the companies concerned;

    8.  Acknowledges that achieving digital and green objectives will create opportunities and might at the same time require transformations or restructuring processes in many sectors; stresses that social dialogue in the anticipation and management of these processes is essential to safeguard and create quality jobs and manage unavoidable job losses with enough support and can contribute to achieving a climate-neutral economy that sustains its social, economic and environmental standards; highlights that restructuring processes must respect fundamental workers’ rights, such as the right of information and consultation; calls on the Commission and the Member States to take action to reinforce and promote collective bargaining, in full respect of the autonomy of the social partners and of the right of collective bargaining; emphasises that workers should be beneficiaries of restructuring, including when they transfer to a new equivalent job within their current firm or sector, or as they reskill to transfer to a job in a future-proof sector, all while being adequately assisted and compensated;

    9.  Emphasises that developments leading to restructuring processes should be anticipated by management, and plans for changes should start as early as possible to prevent insolvency and job losses, while involving workers’ representatives and trade unions at an early stage to ensure meaningful social dialogue, including in the case of preventive restructuring frameworks as provided for in Directive (EU) 2019/1023(19); calls on the Commission and the Member States to work in close cooperation with social partners to identify risks early and develop comprehensive plans to address employment and economic stability needs; supports, in that regard, investment in the training and capacity building of trade unions and workers’ representatives engaged in restructuring processes;

    10.  Stresses that restructuring processes also have an impact on the supply chain and can pose a considerable risk to indirect employment across the EU; calls on the Commission and the Member States to support companies, including SMEs, undergoing restructuring processes in order to integrate into their plans the impacts on other European companies in their supply chain; further calls on the Commission and the Member States to support companies indirectly impacted by these restructuring processes to mitigate the consequences on employment;

    11.   Stresses that the EU must address shortages of skilled workers in strategic sectors in order to enhance its competitiveness; points out that addressing skills shortages and supporting workers who need to transition to a new job following a restructuring process are complementary objectives; emphasises the fact that sufficient access to reskilling and upskilling is a precondition for a successful transition to a new job in another sector; urges the Commission to take account of this in its proposals for a clean industrial deal and the Union of skills, including by expanding the role of Centres of Vocational Excellence; calls on the Commission to improve the recognition of skills across Member States and to ensure that its programmes better address the needs of vocationally trained experts;

    12.  Underlines that restructuring processes must not be used as a pretext to violate workers’ information and consultation rights, as well as the right of collective bargaining and trade union rights(20); deplores the violation of the fundamental rights of collective bargaining and of information and consultation before a decision is made; believes trade unions should be equipped with sufficient resources and capacity to assess a company’s decision to restructure and to engage the support of an independent expert; calls on the Commission, the Member States and the social partners to put in place further safeguards to ensure collective bargaining and to prevent the misuse of restructuring processes as a means to forego employers’ obligations; underlines that penalties should be imposed in instances of infringements and non-compliance;

    13.  Is alarmed that European company law provisions, as well as their interpretation in some legal cases, are creating loopholes and are enabling the circumvention of mandatory national board-level participation rules(21);

    14.  Emphasises that one of the most effective ways to prevent the need for restructuring is through the proactive anticipation and management of change through collective bargaining and information and consultation; urges the Member States to ensure quality upskilling or reskilling, life-long learning, employee training and career development support; points out that upskilling and reskilling should be prioritised as far as possible before job cuts are considered;

    15.  Underlines that gender equality should be an integral part of transition strategies and should be mainstreamed across related policy and legislative measures to strengthen the fairness of our societies; believes it is essential to ensure equal treatment and equal access to economic opportunities for women, paying attention to the most vulnerable, such as women with disabilities, single mothers, women belonging to minorities and migrant women;

    16.  Considers that an industrial plan agreed with the social partners is essential to promote the economic viability of European industrial companies and, in the worst case, prevent closures and forced redundancies; calls on the Commission and the Member States to support companies, in particular SMEs, to prevent forced redundancies; calls on the Commission and the Member States to put in place mechanisms that help to avoid forced redundancies, such as temporary support programmes to protect employment during transitions, avoiding the loss of strategic industrial capacity and skilled workforces; calls on European enterprises and employers in the process of restructuring to devise and implement plans at an early stage in order to avoid job losses and maintain decent working conditions and high social standards, to the extent that this is possible; demands stronger protections against unfair dismissals and demands the necessary support for workers affected by restructuring to give them access to retraining opportunities and support, such as income support, including while searching for new employment; reaffirms that the dignity and rights of workers as well as the economic and financial sustainability of the company are important objectives to consider in the context of restructuring processes;

    17.  Welcomes the Commission’s announcement that it will propose a clean industrial deal that, in addition to speeding up decarbonisation, maintains and creates quality jobs in the green and digital sectors in the EU; emphasises that the clean industrial deal should focus on strategic industries, avoiding the delocalisation of production and loss of jobs, while strengthening the European social model and social justice;

    18.  Calls on the Commission, in close collaboration with the social partners, to consider the establishment of a framework directive to address the challenges and complexities associated with employers’ obligations in subcontracting chains and labour intermediaries in Europe to ensure decent working conditions and the respect of worker’s rights; calls for the framework directive to include measures regulating the role of labour intermediaries, other than temporary work agencies, and to introduce an EU general legal framework limiting subcontracting and ensuring joint and several liability through the subcontracting chain, in order to end abusive subcontracting and protect workers’ rights and their claims over issues such as wage arrears, the non-payment of social contributions, bankruptcy, disappearances and ‘letterbox subcontractors’ who do not pay as agreed; calls for this directive to include provisions ensuring the respect of information and consultation rights and the right to collective bargaining, including for subcontracted workers;

    19.  Calls on the Commission and the Member States to support the social partners in their efforts to include issues related to the green transition in collective bargaining at the appropriate levels; highlights that collective agreements can cover the impact of an undertaking’s activities on the environment, the protection of workers from the effects of climate change and the impact of the green transition on working conditions; calls on the EU and the Member States to further support actions and initiatives that will incentivise employers and workers to adapt to the green transition and to make collective bargaining a key tool for ensuring balanced production models that protect the environment and create quality jobs;

    20.  Instructs its President to forward this resolution to the Council and the Commission.

    (1) OJ C 215, 19.6.2018, p. 21.
    (2) OJ C 440, 30.12.2015, p. 23.
    (3) OJ C 251, 30.6.2022, p. 104.
    (4) OJ C, C/2024/4224, 24.7.2024, ELI: http://data.europa.eu/eli/C/2024/4224/oj.
    (5) OJ C 267, 28.7.2023, p. 2.
    (6) European Commission, Val Duchesse Social Partner Summit, https://ec.europa.eu/social/main.jsp?catId=1632&langId=en.
    (7) OJ C 243, 27.6.2022, p. 35.
    (8) OJ L 231, 30.6.2021, p. 1, ELI: http://data.europa.eu/eli/reg/2021/1056/oj.
    (9) OJ C 257, 21.7.2023, p. 18.
    (10) Council Directive 98/59/EC of 20 July 1998 on the approximation of the laws of the Member States relating to collective redundancies, OJ L 225, 12.8.1998, p. 16, ELI: http://data.europa.eu/eli/dir/1998/59/oj.
    (11) Council Directive 2001/23/EC of 12 March 2001 on the approximation of the laws of the Member States relating to the safeguarding of employees’ rights in the event of transfers of undertakings, businesses or parts of undertakings or businesses, OJ L 82, 22.3.2001, p. 16, ELI: http://data.europa.eu/eli/dir/2001/23/oj.
    (12) Directive 2002/14/EC of the European Parliament and of the Council of 11 March 2002 establishing a general framework for informing and consulting employees in the European Community, OJ L 80, 23.3.2002, p. 29, ELI: http://data.europa.eu/eli/dir/2002/14/oj.
    (13) European Trade Union Institute for Research, 2021.
    (14) International Labour Organization, 2022.
    (15) Services of general interest comprise three different categories: economic (basic services that are carried out in return for payment, such as postal services), non-economic (such as the police, justice systems and statutory social security schemes) and social (responding to the needs of vulnerable citizens, based on the principles of solidarity and equal access, such as social security schemes, education, healthcare, employment services and social housing. Commission communication of 20 December 2011 entitled ‘A Quality Framework for Services of General Interest in Europe’ (COM(2011)0900).
    (16) European Parliament position of 23 April 2024 on the proposal for a regulation of the European Parliament and of the Council on the effective coordination of economic policies and multilateral budgetary surveillance and repealing Council Regulation (EC) No 1466/97, (Texts adopted, P9_TA(2024)0311).
    (17) Commission report of 2 June 2023 on the European instrument for Temporary Support to mitigate Unemployment Risks in an Emergency (SURE) following the COVID-19 outbreak pursuant to Article 14 of Council Regulation (EU) 2020/672 – SURE after its sunset: final bi-annual report (COM(2023)0291).
    (18) Directive 2014/24/EU of the European Parliament and of the Council of 26 February 2014 on public procurement and repealing Directive 2004/18/EC, OJ L 94, 28.3.2014, p. 65, ELI: http://data.europa.eu/eli/dir/2014/24/oj.
    (19) Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks, on discharge of debt and disqualifications, and on measures to increase the efficiency of procedures concerning restructuring, insolvency and discharge of debt, and amending Directive (EU) 2017/1132, OJ L 172, 26.6.2019, p. 18, ELI: http://data.europa.eu/eli/dir/2019/1023/oj.
    (20) Study – ‘Study on monitoring the application of the EU Quality Framework for anticipation of change and restructuring’, European Commission, Directorate-General for Employment, Social Affairs and Inclusion, Publications Office of the European Union, 2018, https://op.europa.eu/en/publication-detail/-/publication/1c22896d-4e10-11ea-aece-01aa75ed71a1/language-en.
    (21) ‘European Court of Justice jurisprudence on the transfer of de facto company head offices’, https://worker-participation.eu/european-court-justice-jurisprudence-transfer-de-facto-company-head-offices.

    MIL OSI Europe News

  • MIL-OSI United Nations: Experts of the Committee on the Rights of Persons with Disabilities Commend Palau on Project for Accessible Homes, Raise Questions on Accessible Public Transport and Persons with Disabilities in Emergency Situations

    Source: United Nations – Geneva

    The Committee on the Rights of Persons with Disabilities today concluded its review of the initial report of Palau, with Committee Experts commending the State on a project focused on making homes for the elderly more accessible, while raising questions on the accessibility of public transport, and how persons with disabilities were included in the response to emergency situations.

    A Committee Expert welcomed the financial measures and information provided on the project which aimed to make homes for the elderly accessible in Palau. 

    Another Committee Expert congratulated Palau for its commitment to the area of accessibility and desire to create a more inclusive society.  However, concerns persisted, including the lack of accessible public transport. What measures had been taken to ensure free access to information for different types of disability?  An Expert asked what steps were being taken to facilitate the transportation and movement of persons with disabilities?  Another Expert asked if accessibility requirements were included throughout the purchase of public infrastructure? 

    Gerel Dondovdorj, Committee Expert and Coordinator of the Taskforce for Palau, asked if the State party had reviewed national legislation related to the situation of risk and humanitarian emergency, including the national disaster risk framework, to include the safety and protection of persons with disabilities?  Could information on mechanisms of early warning for persons with disabilities be provided?  Did the State party have existing mechanisms to ensure the participation of persons with disabilities in the planning, designing and implementation of activities relating to emergency situations? 

    The delegation said unfortunately, public transport in general was underdeveloped in Palau, and had only begun around two years ago, with a small number of buses with a limited route. Unfortunately, the buses being used were currently not accessible to persons with disabilities, and it was up to the families to take care of the transport of their family members and children with special needs.  The State had purchased vehicles, including a van that was disability equipped, which currently was only available by request.  The question was whether all public transport needed to be accessible, or due to numbers should it just be a specific programme with enough equipment catered to the needs of the population? 

    The delegation said at this time, the Government had not currently conducted a review of the national disaster risk framework legislation.  However, there were regular reviews, post-disaster, to determine gaps in emergency preparedness and disaster reduction.  Palau had the National Emergency Management Office, governed by the National Emergency Committee, comprised of all government agencies and civil society, including the Palau Red Cross.  All emergency preparedness and disaster response were coordinated through the Committee. 

    Being a small community, Palau could identify people individually and had a database on people’s specific needs. This knowledge was incorporated into exercises and drills.  Community health workers assisted during disasters to ensure everyone had equal access to shelters. 

    Introducing the report, Jeffrey Antol, Director, Bureau of Foreign Affairs and Trade, Ministry of State of Palau and head of the delegation, said while Palau faced unique challenges, from geographical and resource limitations to the increasing impact of climate change, these only reinforced the determination to advance the rights of persons with disabilities and build a more inclusive society.  One of Palau’s most significant milestones was the enactment of RPPL 11-36 in September 2024, a landmark piece of legislation that established a Coordinating Committee on Persons with Disabilities and an Office of Persons with Disabilities. 

    In closing remarks, Mr. Antol extended appreciation to the Committee and all those who had contributed to the dialogue. Palau firmly believed that inclusion was not merely a policy goal, but a fundamental human right.  The enactment of the persons with disabilities act and the development of the national disability inclusive policy marked significant milestones in the journey towards full alignment with the Convention. 

    Gertrude Oforiwa Fefoame, Committee Expert and Taskforce Member for Palau, thanked the members of the delegation of Palau for their presence and the open dialogue with the Committee. The State was commended for its commitment in working towards the implementation of the Convention.  From the goodwill expressed by the delegation, it was expected that the State would proactively ensure the implementation of the Committee’s recommendations.   

    The delegation of Palau was comprised of representatives from the Ministry of State; the Ministry of Health and Human Services; the Office of the President; and the Permanent Mission of Palau to the United Nations Office at Geneva. 

    Summaries of the public meetings of the Committee can be found here, while webcasts of the public meetings can be found here. The programme of work of the Committee’s thirty-second session and other documents related to the session can be found here.

    The Committee will next meet in public at 10. a.m. on Thursday, 20 March, to hold a day of general discussion on article 29 of the Convention on participation in political and public life. 

    Report

    The Committee has before it the initial report of Palau (CRPD/C/PLW/1).

    Presentation of Report

    GAAFAR J. UHERBELAU, Special Advisor to the President of Palau, introduced the delegation of Palau. 

     

    JEFFREY ANTOL, Director, Bureau of Foreign Affairs and Trade, Ministry of State of Palau and head of the delegation, said while Palau faced unique challenges, from geographical and resource limitations to the increasing impact of climate change, these only reinforced the determination to advance the rights of persons with disabilities and build a more inclusive society. 

    One of Palau’s most significant milestones was the enactment of RPPL 11-36 in September 2024, a landmark piece of legislation that established a Coordinating Committee on Persons with Disabilities and an Office of Persons with Disabilities.  This legislation addressed critical gaps in disability governance, with key provisions that included the development of a new national policy on persons with disabilities; the establishment of sustainable funding mechanisms through the allocation of annual tax revenues from alcohol, cigarettes, and tobacco products to support disability programmes and services; and a multi-stakeholder governance structure, ensuring the active participation of government agencies, civil society organizations, the private sector, and persons with disabilities. 

    Palau had taken major steps towards accessibility in recent years, including conducting access audits for schools, public buildings, and parks, leading to infrastructure improvements, including accessible ramps and parking.  The Ngermalk Accessibility Ramp and Airai Accessibility Ramp project set new standards for inclusive design, enabling inclusive access to the sea waters and leisure. RPPL No. 11-11, enacted in September 2021, established the Palau severely disabled assistance fund and child raising subsidy, now supporting 186 children and elderly persons with disabilities. The child raising subsidy provided financial assistance to parents and legal guardians for the costs of raising a Palauan citizen child under the age of 18 who resided full-time with the applicant in Palau.  The meal programme provided nutritious meals to support Palauan citizens aged 55 and older, homebound individuals, and adults with special healthcare needs residing in Palau. 

    To enhance inclusive education, 22 teachers had been trained in assistive technologies to support students with disabilities.  Access to individualised education programmes was expanded to provide tailored learning support. 

    However, the State needed to do more to bridge the gap in specialised learning resources, inclusive curricula, and teacher training.  Palau’s workforce innovation and opportunity act trained persons with disabilities, including women with disabilities, and empowered them to access the job market. Entrepreneurship programmes were being expanded to provide persons with disabilities with opportunities to create and manage their businesses.

    Women and girls with disabilities experienced two to three times the level of gender-based violence compared to those without disabilities.  To address this, the revised national gender mainstreaming policy would integrate disability-specific protections, including targeted legal amendments, training law enforcement and service providers, and expanding access to shelters and psychosocial support services.  Palau’s national gender mainstreaming policy was undergoing revision to fully integrate disability perspectives. 

    As a climate-vulnerable nation, Palau understood the critical importance of disability-inclusive disaster risk reduction.  In September 2024, the guidelines on disability inclusive disaster risk reduction were launched, ensuring accessible emergency shelters with ramps, assistive devices, and trained staff; early warning systems adapted for persons with sensory disabilities; and community engagement programmes to ensure that persons with disabilities were active participants in disaster preparedness planning.

    While Palau had made significant progress, challenges remained.  Data collection efforts were being expanded to disaggregate statistics by gender and disability, ensuring targeted interventions that addressed the unique vulnerabilities of women, girls, and children with disabilities.  Palau was also working towards accessible voting procedures, ensuring that persons with disabilities could exercise their right to vote independently.  It was also promoting representation in Government advisory bodies.  Mr. Antol reaffirmed Palau’s commitment to working closely with development partners, United Nations agencies, civil society organizations, the private sector, and persons with disabilities and their representative organizations, to address these challenges head-on.

    Questions by Committee Experts

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, thanked the State party for the comprehensive initial report.  Ms. Dondovdorj appreciated the quality of alternative reports of organizations of persons with disabilities provided to the Committee.  Palau had made some progress in implementing the Convention, which would be addressed later in the dialogue.  Although some legislative measures had been taken by the State party, some of these were not fully compliant with the Convention, including the disabled persons anti-discrimination act, which could not fully respond to the challenges faced by women with disabilities. 

    Concerns persisted about the lack of progress made to abolish the guardianship regime and implement the supported decision-making system in Palau.  It was essential to ensure the meaningful participation of women with disabilities in decision-making.  The Government of Palau was encouraged to pay attention to this issue. 

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, said the enactment of RPPL 11-36 outlined the State’s commitment to advancing the rights of persons with disabilities.  What steps were being taken for the State to appeal and amend legislation which was not in line with the Convention?  What would be the process and timeline for harmonising definitions?  What steps were in place to address the lack of timelines of the implementation of the decisions of the Coordinating Committee of the Office of Persons with Disabilities?  How were organizations of persons with disabilities being involved in the formulation of programmes and policies? 

    Currently Palau did not have a law on reasonable accommodation.  What specific steps were being taken to amend relevant legislation to include disability as a prohibited ground of discrimination?  What were the timelines to ensure the disabled person anti-discrimination act encompassed all forms of disability-based discrimination, including the denial of reasonable accommodation?  What mechanism would be put in place to track the progress of the anti-discrimination policies under discussion?  How would it be ensured they were well implemented and monitored? What was in place to eliminate multiple and intersecting forms of discrimination? 

    How did Palau plan to strengthen gender mainstreaming to ensure women and girls with disabilities were included in all relevant policies and programmes?  Did it include amending the family protection act?  What steps were being taken to ensure the voices of women and girls with disabilities were heard?  What steps were being taken to ensure their participation?   How was the participation of children being monitored? What measures was the State taking to prevent negative stereotypes of persons with disabilities, particularly in rural communities?  What plans were in place to ensure training and awareness raising about persons with disabilities at all levels?

    What steps was the Government taking to identify existing barriers to accessibility in the public and private sector, and provide the necessary resources to remove these barriers?  What measures would be taken to bridge the digital divide? 

    It was commendable that the Washington Group’s short questions on disability had been used and integrated into the census.  What steps was the State adopting to promote inclusivity and improve disability data collection?  What processes were in place to collect the issues around access to justice? 

    Could more information be provided about the newly established Coordinating Committee on Persons with Disabilities, including its members, mandate and budget?  How were representatives of persons with disabilities represented on this Committee?  What steps were taken to involve persons with disabilities into international cooperation?

    There was no national human rights institution established in line with the Paris Principles in Palau.  Had there been any progress on this?  Was there a mechanism to oversee the implementation and monitoring of the Convention? 

    Responses by the Delegation

    The delegation said harmonising legislation had been a challenge in Palau.  Through the new legislative process, one of the first tasks would be to have a full assessment and legislative review of relevant laws which needed to be revised, to ensure no discrimination was implied by language used in legislation moving forward.  It was expected that Palau could work with lawmakers and the National Congress to undertake a comprehensive legal review and carry out the changes.  It was hoped this could be achieved within 12 to 24 months. 

    The Coordinating Committee on Persons with Disabilities was working on a disability policy with representatives of organizations of persons with disabilities.  There were practices at the national level to provide reasonable accommodation in employment, as well as access to voting.  Palau understood there was a need to improve measures in this regard.

    The State was excited about the new legislation, which would create a new body with the task to mainstream any data, enabling the State to look at specific needs.  The Government would ensure the new body was sufficiently resourced to undertake its tasks.  It would examine Convention articles and look at how Palau could do better in this regard.

    There were currently gaps in the implementation of the family act, including a lack of training of law enforcement officials on the act itself.  The State would examine the gaps in the next six to 12 months. 

    Palau had a gender office within the Ministry of State.  Many programmes required the representation of women and the parents of children with disabilities.  Aside from the Ministries and civil society organizations for women and children with disabilities, a lot of data was non-existent outside of those agencies. Palau had made efforts to reorganise ministries to ensure the family protection act was housed in the department of health and public services.  Data collection methods and tools would be streamlined to ensure a more comprehensive data set, used to assist women and girls with disabilities. 

    There was currently no strategy for awareness raising.  The State had an upcoming project which would train Government stakeholders on disabilities and persons with disabilities.  There was a need for a legislative review in this regard. 

    Persons with disabilities in Palau accounted for between three to four per cent of the population, meaning it was easy for the general public to ignore, such as in the case of disability parking spots.  The Government needed to change the culture and attitude, including towards the overall concept of disability.  The newly established Coordinating Committee on Persons with Disabilities would ensure that every programme planned would welcome the input of women and children with disabilities. 

    There were many gaps in data collection in Palau with regards to persons with disabilities, and this varied between sectors.  The State was in the process of consolidating data sets, streamlining collection and ensuring information was credible, relevant and secure for sharing.  The work of the new established committee would supplement and enhance this work. 

    Regarding the newly established Coordinating Committee on Persons with Disabilities, the members included several Ministers, including the Minister of Justice, Finance and Health.  There would also be representatives from an organization representing persons with disabilities, governors, and a religious and state-based organization.  The Committee was the first time that Palau was forced by law to have representation. The work of the Committee would also reach policy makers directly, which often did not happen.  It held the State accountable to ensure specific resources would be directly available to the Committee.  Currently, only one organization of persons with disabilities was represented on the Committee, as well as a civil society organization. The Committee and the policy were under a strict timeline to be developed by the end of June. 

    Persons with disabilities had been represented in different committees, subcommittees and bodies.  Palau worked collaboratively with the Government of Australia and representatives of organizations of persons with disabilities were consulted in the process across certain projects. 

    Funding constraints were the number one barrier to establishing a national human rights institution in Palau. The State understood the value and purpose, but funding was the constraining factor.  Palau recognised the need for a robust data system, which could be used as a tool to guide policy development.  Palau would rely on the newly established Coordinating Committee on Persons with Disabilities to monitor all aspects of the implementation of the Convention. 

    Questions by Committee Experts

    A Committee Expert congratulated Palau for its commitment to the area of accessibility and desire to create a more inclusive society.  However, concerns persisted, including the lack of accessible public transport. What measures had been taken to ensure free access to information for different types of disability?

    Another Expert asked how many girls and women with disabilities had been provided with training on small and medium sized enterprises.  The Committee was delighted to hear that the State was analysing the many limitations faced by women with disabilities, particularly those facing violence.  The Committee would like to ensure that the State was addressing the correct data in this regard.

    An Expert asked what steps were being taken to facilitate the access of persons with disabilities to technologies? What steps were being taken to facilitate the transportation and movement of persons with disabilities? How could organizations representing children with disabilities be supported? 

    Another Committee Expert asked if accessibility requirements were included throughout the purchase of public infrastructure?  It was very good that there was good access to the internet for persons with disabilities. Were accessibility standards being taken into account when web content was created?

    An Expert asked about the political environment when discussing issues related to persons with disabilities? Was the Congress willing to make important changes in legislation and approve specific legislation to incorporate Convention principles?  How could the international community support Palau to bring about these changes sooner rather than later?

    Responses by the Delegation

    The delegation said unfortunately, public transport in general was underdeveloped in Palau, and had only begun around two years ago, with a small number of buses with a limited route. Unfortunately, the buses being used were currently not accessible to persons with disabilities, and it was up to the families to take care of the transport of their family members and children with special needs.  The State had purchased vehicles, including a van that was disability equipped, which currently was only available by request.  Being an island, it was also important for the State to purchase boats which were disability accessible.  Palau’s citizens had access to relatively cheap internet, but the issue was devices.  The State had not taken further steps to identify specific technologies that persons with disabilities might need.  Therefore, those with visual impairments would have to source their digital devices out of Palau.  The State would look at the data and determine if this was something which required additional investment. 

    A majority of those who had received training were women, and some percentage would be women with disabilities. Data specific to violence against women and girls with disabilities needed to be disaggregated in the State’s data set. 

    The question was whether all public transport needed to be accessible, or due to numbers should it just be a specific programme with enough equipment catered to the needs of the population? There were one or two vans which could respond to requests currently.  Would this be enough, or would there be a growing need for accessibility vehicles?  Currently, more equipment was required.  It would make sense that all equipment should be accessible, but that had more costs. The State was looking at this with a phased approach.  For small countries like Palau, things were only addressed when there was a visible need, as opposed to putting in place standards to address things beforehand, and this applied to access to information. However, it did not take away from the need for the State to think holistically. 

    The political will to ratify the treaties was there, but there were challenges when it came to prioritising budget allocation.  The onus was on the delegation to return to Palau and continue raising awareness. 

    Questions by Committee Experts

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked if the State party had reviewed national legislation related to the situation of risk and humanitarian emergency, including the national disaster risk framework, to include the safety and protection of persons with disabilities?  If not, what were the plans to review and amend the legislation?  Could information on mechanisms of early warning for persons with disabilities be provided?  How accessible were these systems to persons with diverse disabilities, including those who were blind and deaf?  Did the State party have existing mechanisms to ensure the participation of persons with disabilities in the planning, designing and implementation of activities relating to emergency situations?  What measures had the State party taken to ensure adequate budget allocation for this purpose? 

    Palau still promoted the guardianship regime, which meant a person’s legal capacity could be restricted, based on a court declaration.  Were there specific plans to end the guardianship regime, and implement supported decision-making for persons with disabilities?  Could data on the number of persons with disabilities under guardianship be provided?  How many people had repealed these decisions?

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, said information had been received about barriers in accessing justice for persons with disabilities, due to a lack of reasonable accommodation, particularly those with psychosocial disabilities.  What measures would be taken to review all legislation, including criminal laws, to ensure compliance with the Convention?  What measures were being taken to ensure age appropriate and gender sensitive accommodation in judicial and administrative proceedings for all persons with disabilities?  Was information provided in an accessible format, and how was the accessibility of court buildings ensured?  How was information communicated, for example through sign language? 

    Had regular monitoring been conducted to ensure persons with psychosocial or intellectual disabilities were not subjected to arbitrary or forced treatment, including confinement? What was the most recent monitoring result, and efforts taken to improve the situation?  Was there disaggregated data on persons with disabilities deprived of their liberty in Palau? 

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked about services provided by the Victims of Crime Office, reopened in 2022, including access to shelters? Was sign-language interpretation provided and reasonable accommodation ensured?  Was information about existing services disseminated to persons with disabilities through accessible formats?  Did the State party have any targeted measures to ensure all persons with disabilities, including women with disabilities, were free from all types of violation and exploitation?  Were there any specific targeted policies and strategies targeting women with disabilities? 

    Information had been received on the tragic case of a blind woman who was sterilised without consent, but with the consent of her family members.  What legislation was in place to protect persons with disabilities from being subjected to treatment without their free and informed consent, including forced sterilisation and abortion?  Did a monitoring mechanism exist in this regard?

    How many persons with disabilities had been placed in institutions, including mental health hospitals?  Were there any plans or strategies to promote the independence of persons with disabilities at the community level? What were the plans to implement the deinstitutionalisation plan, to ensure everyone was given the opportunity to live in the community?

    What measures were in place to ensure that persons with disabilities in Palau could access high-quality and affordable assistive devices?  Were these exempt from import taxes?  What measures were being taken to eliminate physical restraints in all settings, including prisons and institutions?  Did Palau have any plans to ratify the Convention against Torture?  Had any monitoring of cases of torture being undertaken?  Could information be provided about the State’s existing complaints mechanism? 

    Responses by the Delegation 

    The delegation said at this time, the Government had not currently conducted a review of the national disaster risk framework legislation.  However, there were regular reviews, post-disaster, to determine gaps in emergency preparedness and disaster reduction.  Based on existing legislation, there was no need to change too much.  Palau had the National Emergency Management Office, governed by the National Emergency Committee, comprised of all government agencies and civil society, including the Palau Red Cross.  All emergency preparedness and disaster response were coordinated through the Committee.  Once the President declared a national emergency, this gave the Government access to all resources and the authority to commandeer accommodation such as shelters for the response.  The Government would conduct a legislative review to see if there was anything missing in the law which should be amended in relation to persons with disabilities. 

    The State had working relationships with civil society, including the Red Cross, which was actively involved in drills and exercises in response to disasters.  Being a small community, Palau could identify people individually and had a database on people’s specific needs.  This knowledge was incorporated into exercises and drills. Community health workers assisted during disasters to ensure everyone had equal access to shelters. 

    A health care coalition, enacted through an executive order of the President, represented persons with disabilities and parents’ organizations, bringing them together to plan activities. A month was dedicated to preparedness awareness each year, during which simulation exercises were held, as they were last year.  At this point, Palau did not see the need to have too many members, including from the Government, in the National Emergency Committee during an emergency.  It was more important to capture feedback, participation and input from non-governmental organizations during the planning, training and exercises phases, to execute the best response. The delegation would investigate if there was a need to expand the Committee to include persons with disabilities.  At this point, the State prioritised local revenue for the response; there were no external funding sources. 

    The State party understood the guardianship act was not in line with the Convention.  However, efforts were being made to consult persons with disabilities before they were held in institutions.  The various ministries coordinated together to ensure the Convention was not being violated.  The guardianship act would be considered for the upcoming legislative review.  The delegation would also debrief on this upon their return.  At present, data on those under the guardianship law was not available.  This was noted as a priority task and this data would be collected in the future. 

    The full and systematic review of legislation to ensure compliance with the Convention was long overdue.  This would be conducted once the delegation returned to Palau.  It was expected the review would take 12 to 24 months; draft amendments would then be proposed for enactment. 

    The family protection act was a landmark milestone for Palau, allowing for a more uniform and standardised procedure for all people who experienced gender-based or domestic violence, while also allowing the State to assess the gaps in the process.  There were currently no courtrooms in Palau which were accessible.  This needed to be changed immediately and would be enacted when the delegation returned to Palau.  The recommendation would also focus on better equipping the courtrooms with audio visual aids.     

    In Palau, if persons with psychosocial conditions in prison were required to be confined, this would take place after an assessment with a psychiatrist, and they would be held outside of the general prison.  This would also be reviewed to ensure the protocols were being adhered to.  Every case received was monitored; however, monitoring ceased once the individual left the facility.  This was something that should be tracked and that was something the State planned to accomplish. 

    Palau maintained a strong belief in cultural values, which was a source of solutions and issues.  Often families were still expected to care for the elderly and family members with disabilities.  The line was often blurred on where the Government should step in. A transition centre had been built for those who did not have accommodation to return to.  It had taken years to build as many community members felt that under Palau culture, family members had the obligation to care for their family members. 

    The Victims of Crime Office provided services, including counselling and temporary housing for victims, in partnership with non-governmental organizations.  The State aimed to introduce training programmes with neighbouring jurisdictions, but this was dependent on costs.  In the few cases received where victims required sign-language communication, this had been done virtually with ad-hoc partners.  But there was a need to formalise a mechanism for whenever that was needed. 

    A member of the delegation said she had been a victim of exploitation, and this had been a call for the ministries to come together and strengthen the family protection act, and to take account for specific provisions for protecting women and girls with disabilities. This act would also be reviewed during the legislative review. 

    The number of cases of forced sterilisation was extremely low, but these situations did happen. There was no legislation which specifically addressed this.  The State was cautious to enact legislation which contradicted and caused tension between culture, and the more Western doctrine of rights and laws. Abortion was mostly illegal in Palau, unless the physician determined there was a threat to the life of the mother or the child.  Forced treatment and sterilisation was something consulted with the patient, their family and the healthcare provider.  It needed to be determined if legislation was really the avenue to address this, or if was more important to have more clarity on those blurred lines between cultural expectation and family consent and the healthcare needs of the patient.  This would be added to the list for the legislative review. 

    A project had been launched during the COVID-19 pandemic to assess certain households for accessibility, to be redesigned for independent living.  The findings of the project would be utilised this year to promote more independent living.  There was only one mental health facility in Palau, and confinement was only for mental health issues.  There had been no cases where persons with other types of disabilities had been confined or admitted without any mental health issues.  The plan would be rolled out nationwide and expanded in the future to ensure persons with disabilities could independently live in their own homes, rather than be confined to an institution. 

    At present, due to cost, Palau dealt with needs for assistive technologies on a case-by-case basis.  At present, there was no tax exemption for such equipment unless it was donated.  Maintenance and a lack of parts were an ongoing issue.  The newly created Office on Persons with Disabilities would undertake a review in this regard. 

    Palau did not have the need to develop specific measures for the protection of persons with disabilities from ill-treatment.  Palau’s culture did not require laws in this regard.  Tomorrow, the delegation of Palau would meet with relevant United Nations representatives to further discuss the process of the ratification of the Convention against Torture.  There was no active monitoring of case reviews, but the State party undertook case reviews to determine if there were instances of torture.  The State had a school health screening programme, where the provider looked for indications of ill-treatment, as well as the victims of crimes assistance programme.  Part of the awareness strategy included promoting reporting within the community, which was currently a challenge.

    Questions by Committee Experts

    A Committee Expert asked if there were any plans to strengthen the mechanisms and legal safeguards for persons with disabilities, including those with psychosocial disabilities and migrants with disabilities, to ensure they were provided with reasonable accommodation under the 72-hour detention act?  What measures were taken to ensure stateless children, including those with disabilities, were granted citizenship?  Was there a plan to amend legislation to allow stateless individuals, including those raised in Palau, to apply for citizenship? 

    Another Expert welcomed the financial measures and information provided on the project which aimed to make homes for the elderly accessible.  What measures were being undertaken to improve the disability inclusiveness of mainstream services, such as retail, health, education and housing?   

    One Expert asked who had trained prison officers in appropriate care?  What evaluation had there been for this training?  Had the State party implemented the guidelines on deinstitutionalisation?

    A Committee Expert asked if there was any follow-up strategy in relation to article 19, enabling persons with disabilities to manage themselves? 

    Responses by the Delegation

    The delegation said the 72 hours was not always adhered to exactly, despite legislation, and was typically handled on a case-by-case basis.  This would be included in the legislative review to see if this timeline was still applicable. 

    A bill had been introduced in the National Congress to examine the possibility of issuing stateless persons with a national identification.  While this did not guarantee citizenship, it would enable them to have an identity and hopefully be expanded to include means to travel.  Migrants were afforded access to public services like citizens; it was a matter of different costs.  The population of Palau was 18,000, and therefore transport could be provided by the Government for those who requested it.  This allowed persons with disabilities to access mainstream services.  There were ongoing efforts to work with the national health insurance to see if beneficiary coverage could be expanded to include the cost of assistive technologies. 

    At present, there was no training for law enforcement in mental health first aid.  The Government was working to ensure the relevant training was provided. Currently, the Government would call in specialised professionals, including psychiatrists, but it was important to train first responders as they were typically the first to arrive on the scene.  Palau was so small they could assign a specific health care professional to assist persons with disabilities when they came in for medical services.  The transition centre was intended only to be a temporary situation, while the State looked at longer term solutions for independent living.

    Questions by Committee Experts

    CHRISTOPHER NWANORO, Committee Vice-Chairperson and Taskforce Member for Palau, said persons with disabilities in Palau faced major barriers in accessing information.  How was the Government ensuring that freedom of speech and access to information, including the mass media, was available to persons with disabilities in Palau?  What efforts was the Government making to enable deaf persons to access information in the State party?

    Persons with disabilities in Palau did not have equal access to education; what was the Government doing to provide an enabling environment for education for persons with disabilities, including for deaf and blind persons?  The Government should provide an enabling environment for everyone to enjoy education equally. 

    How accessible was the medical environment for persons with disabilities?  Could blind people communicate with medical staff via braille? How was it ensured that all persons with disabilities could enjoy medical facilities in the hospitals?

    What efforts was the Government of Palau making to ensure equal opportunities were provided when it came to employment for persons with disabilities?  For those working, what was being done to provide them with an enabling environment?  Were ramps and elevators available to allow them to navigate their workplaces?  What training was given to employers in this regard? 

    Palau’s law said persons with mental and intellectual disabilities were not allowed to participate in elections, including voting.  Was there any percentage within the law mandating persons with disabilities to be elected to government positions?  If persons with disabilities wanted to vote, how accessible was the environment?  Were there ramps and sign language?  What was the Government doing to ensure that persons with disabilities were given a fair chance to participate in politics? 

    What was Palau doing to ensure people with disabilities could access cultural life and leisure, including sports? Were people with disabilities in Palau participating in sports?  What efforts was the Government making to encourage their participation?

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, asked how information on medical records, such as from institutions and mental health systems, was protected? How would data protection for persons with disabilities be strengthened, particularly for those with psychosocial or intellectual disabilities?

    What specific initiatives were in place to strengthen awareness raising regarding persons with disabilities, particularly regarding the rights to family and parenthood?  How would it be ensured that persons with disabilities could start their own families or adopt children if they chose?

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked if there were plans to undertake an analysis of rehabilitation services, and ensure they were in line with the Convention?  Were there plans to develop a comprehensive strategy and policy around assistive devices and technologies? 

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, said the majority of social protection actions in Palau happened at home.  What mechanisms were in place to support social protection and families and the disability-related expenses of individuals?  How would the Government address the lower level of disability pensions? What was being done to raise the disability pension?  Did persons with disabilities who worked in Palau still receive the disability allowance? 

    Responses by the Delegation

    The delegation said sign language and audio-visual equipment in schools and classrooms were among the State’s weak points.  Palau did provide equal opportunities for persons with disabilities to express themselves through the media, but the lack of sign language was an issue.  Work was being done with the Ministry of Education to equip teachers and schools, and then this would be branched out to the media. There had been two cases in Palau where youth with disabilities had graduated from high school and college through vocational studies.  Palau’s Ministry of Education received some funding from the United States Individuals with Disabilities Education Act, which was a starting point to train teachers. 

    At present, Palau did not have training for doctors and teachers, but this was something the State was working on. Most clinics in the hospitals were designed to be accessible, but the main challenge was sign language.  Women and children with disabilities had free access to information, and a healthcare provider was assigned to every person with disability who came in.  The State recognised there was more to be done and was working to enhance this area. 

    Legislation obligated the Government to ensure persons with disabilities had ramps in the places where they were hired and working.  This legislation just covered the public sector currently and was yet to cover the private sector, which was a shortfall.  There were around 33 persons with disabilities working in Palau’s Government, which was an impressive number considering the country’s population. Due to cultural beliefs in Palau, families of persons with disabilities sometimes did not encourage them to work due to fear of stigma and bullying, which was a challenge. 

    Palau election personnel were not equipped to provide braille. Currently, if a person with a disability wished to vote, an election official had to vote for them which meant the voting was no longer private; the State was working to address this.  Palau would work to change the law on voting for persons with intellectual disabilities, as this was an outdated law.  Nothing barred persons with disabilities for running for public office.  There were no quotas in place for persons with disabilities to run for office in Palau. There were no political parties in Palau, everyone ran individually.  No one was barred from running for Government.

    Discussions had been underway to join the Paralympics.  Palau would be hosting Pacific mini games, and there would be considerations for persons with disabilities to join such events.  Family members presented a challenge; they sometimes felt their family members with disabilities would be a source of shame to the family and prohibited them from participating publicly, particularly when it came to sports. The Government was working to help families feel confident in allowing their family members with disabilities to participate in the public view. 

    Patient records and confidential information was closely safeguarded in the Ministry of Health and in clinics. This applied to all patient records, including for persons with disabilities.  It was expected the medical privacy act would be enacted in one to two years. 

    Palau had an inclusive culture; there were no cultural barriers preventing persons with disabilities from getting married or raising children.  There were persons with disabilities in Palau who had birthed and raised children and enjoyed the fruits of a full family life, with community support. 

    There were efforts to create an appropriate list of assistive products from the World Health Organization list, to ensure they were appropriate for the Pacific region.  Rehabilitation was still regarded as a medical or clinical service, which was a challenge.  A rehabilitation department was now going out to the community to train caregivers and family members to assist those with specific needs. 

    Palau had the Severely Disabled Assistance Fund which had been increased in the past year, to ensure persons with disabilities could afford the cost of living.  There was a newly established child raising subsidy, provided to all Palau children under the age of 18.  The pension and social security amounts were always a hotly debated issue in Palau’s Congress.  The State would continue to push for an increase in funds for beneficiaries.  The Assistance Fund did not include deaf people, which was something which needed to be amended.  Palau was looking to increase the minimum wage this year, which would benefit persons with disabilities who were employed. 

    Questions by Committee Experts

    A Committee Expert asked how many persons with disabilities participated in tertiary education in Palau?  What kind of reasonable accommodations were provided to these students?  The Committee frowned upon the continued use of sheltered workshops to stimulate employment of persons with disabilities.  What was the extent of sheltered workshops in Palau and what was being done to remove them from the labour market?

    Another Expert asked about the Government actions to ensure access to education for persons with disabilities. How were these being implemented? Were there any incentives for persons with disabilities to run for public office?  The Expert congratulated Palau’s involvement in the Paralympics. It was hoped this would be the first of many. 

    An Expert asked if persons with disabilities were given the same wages as the rest of the population? 

    One Committee Expert asked what Palau was doing to raise awareness in the population, so no one was left behind or neglected?  What was being done to put an end to discrimination against persons with disabilities? 

    A Committee Expert asked if Palau had any experiences with accessible tourism, and if it was using this as a tool for economic growth?  Had Palau requested technical cooperation to increase the flow of tourists with disabilities?  Was Palau considering job creation and entrepreneurship for persons with disabilities? Had the State thought about establishing a national centre for arts and crafts which could showcase the products made by persons with disabilities? 

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, asked if people working in Palau still received the disability allowance? 

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked if there were any plans to address policy areas regarding the right to vote for persons with intellectual disabilities? 

    Responses by the Delegation

    The delegation said Palau only had one community college which provided a two-year associate degree.  However, persons with disabilities did attend college, including one individual who graduated from a mechanics course.  The college was not entirely equipped, but did make accommodation for the specific needs of students. 

    There were no agencies, companies or businesses which only employed persons with disabilities in Palau. Palau had a law which required all students to attend kindergarten to grade 12, including children with disabilities. Minimum wage laws in Palau applied to everyone, including persons with disabilities who received the same wage and tax refund benefits which applied to a certain band of salary earners. Overall, Palauan culture was very accepting.  Non-governmental organizations in Palau helped the Government to raise awareness in the community, ensuring inclusiveness in all events and policies. There was no specific budget for sports activities for persons with disabilities, but this was something the Government would look into.

    Palau was regarded as a good tourism destination.  However, it was expensive to get there, and there were rarely tourists who were persons with disabilities.  The Government aimed to ensure their own citizens with disabilities were taken care of before tourists.  There were workshops with local crafts and a giftshop, where persons with disabilities could sell their artwork.  There was also a national museum and it could be a good idea to hold a special exhibition there for persons with disabilities. 

    The Palau Severely Disabled Fund was for those who had no employment, and if they were gainfully employed, they lost this eligibility.  There were only two main non-governmental organizations in Palau working to represent persons with disabilities, but the population was small.  They were given the right to decide who they employed and who they allowed to represent them.  The Government did not want to overstep and dictate in this regard. 

    Closing Remarks

    JEFFREY ANTOL, Director, Bureau of Foreign Affairs and Trade, Ministry of State of Palau and head of the delegation, extended appreciation to the Committee and all those who had contributed to the dialogue.  Palau firmly believed that inclusion was not merely a policy goal, but a fundamental human right.  The enactment of the persons with disabilities act and the development of the national disability inclusive policy marked significant milestones in the journey towards full alignment with the Convention.  Palau was more convinced than ever of the urgent need to undertake legislative review and the importance of data and reporting, and would take steps to facilitate these actions.  The country remained steadfast in ensuring that no one was left behind.

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, thanked the members of the delegation of Palau for their presence and the open dialogue with the Committee.  The State was commended for its commitment in working towards the implementation of the Convention.  The Committee acknowledged with interest the establishment of the Committee of Persons with Disabilities and looked forward to its action as planned.  There was a need for the State to strengthen systems and ensure effective and meaningful participation of persons with disabilities. The absence of a national human rights institution was a concern; the Committee urged Palau to consider its establishment in line with the Paris Principles.  From the goodwill expressed by the delegation, it was expected that the State would proactively ensure the implementation of the Committee’s recommendations.

     

     

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CRPD25.007E

    MIL OSI United Nations News

  • MIL-OSI Video: Day to Night LIVE Fire Exercises

    Source: United States Department of Defense (video statements)

    —————
    @marines with 22nd Marine Expeditionary Unit conduct squad attack drills as part of Realistic Urban Training Exercise on Fort Barfoot, Va.

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=RuUmKVict_w

    MIL OSI Video

  • MIL-OSI Canada: Prime Minister Carney to strengthen ties with France and the United Kingdom and reaffirm Canada’s sovereignty

    Source: Government of Canada – Prime Minister

    The Prime Minister and Canada’s new government are focused on what matters most right now: creating more higher-paying jobs, building new trade relationships with reliable partners, and making Canada more secure. 

    To that end, the Prime Minister announced today that he will travel to Paris, France, London, United Kingdom, and Iqaluit, Nunavut, from March 16 to 18, 2025, to strengthen two of our closest and longest-standing economic and security partnerships, and to reaffirm Canada’s Arctic security and sovereignty.

    In Paris, Prime Minister Carney will meet with the President of France, Emmanuel Macron. With the Canada-European Union Comprehensive Economic and Trade Agreement as the foundation, the leaders will focus on their shared commitment to build stronger economic, commercial, and defence ties. Prime Minister Carney will also emphasize Canada’s work to unleash the innovative and economic potential of artificial intelligence (AI) safely and responsibly. 

    In London, Prime Minister Carney will meet with the Prime Minister of the United Kingdom, Sir Keir Starmer. Their discussions will focus on strengthening transatlantic security, growing the AI sector, and the strong commercial relationship between Canada and the United Kingdom. The prime ministers will explore ways to deepen bilateral trade through the Canada-United Kingdom Trade Continuity Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Prime Minister Carney will also have an audience with His Majesty King Charles III.

    The Prime Minister will then travel to Iqaluit, Nunavut, on March 18 to reassert Canada’s sovereignty in the Arctic. He will meet with members of the Iqaluit Patrol of 1 Canadian Rangers Patrol Group – a group critical to Arctic stability and security. 

    Prime Minister Carney will also meet with the Premier of Nunavut, P.J. Akeeagok, to learn more about the evolving needs and priorities of Arctic and Northern communities. He will reaffirm the new government’s support for growing a stronger economy across the North, reinforcing its sovereignty and security, and emphasizing our continued commitment to advancing reconciliation with First Nations, Inuit, and Métis throughout the country.

    Quote

    “Canada was built upon a union of peoples – Indigenous, French, and British. My visit to France and the United Kingdom will strengthen trade, commercial, and defence ties with two of our strongest and most reliable partners, and my visit to Nunavut will be an opportunity to bolster Canada’s Arctic sovereignty and security, and our plan to unlock the North’s full economic potential.”

    Quick Facts

    • This is Prime Minister Carney’s first trip abroad since becoming Prime Minister of Canada.
    • France and the United Kingdom are key allies for Canada on the international stage. They are members of the North Atlantic Treaty Organization (NATO), the G7, and the G20, as well as permanent members of the United Nations (UN) Security Council. France is a founding member of the European Union (EU) and a leading partner in La Francophonie. The United Kingdom is a key partner to Canada in the Commonwealth.
    • In 2024, France was Canada’s third-largest merchandise trading partner in the EU and its 11th-largest trading partner globally, with two-way merchandise trade totalling $14.2 billion.
    • The Canada-EU Comprehensive Economic and Trade Agreement (CETA) was signed in 2016 and has been provisionally applied since 2017. Since then, bilateral merchandise trade between Canada and the EU has grown by more than 60 per cent.
    • Canada and the UK share a sovereign, His Majesty King Charles III, and are among the oldest parliamentary democracies in the world.
    • The United Kingdom was Canada’s third-largest single-country trading partner for goods and services in 2024, with trade valued at $61 billion. Around 3,500 Canadian companies, 93 per cent of which are small and medium-sized enterprises, export goods to the United Kingdom.
    • In July 2023, Canada and 10 other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) signed the United Kingdom Accession Protocol, welcoming the United Kingdom as the 12th member of the Agreement and the first successful accession candidate.
    • The Arctic region is central to Canada’s national identity, prosperity, and security. The Canadian Arctic covers 40 per cent of Canada’s territory and more than 70 per cent of its coastline. It is home to many Canadians, including Indigenous Peoples who have inhabited this land since time immemorial.

    Associated Links

    MIL OSI Canada News

  • MIL-OSI: Oppad Launches as a Gateway to Innovation and Community-Driven Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 15, 2025 (GLOBE NEWSWIRE) — Oppad has officially launched as a comprehensive platform dedicated to fostering innovation and investment within decentralized ecosystems. It stands out not just as a launchpad but as a robust community-driven initiative aimed at empowering innovators and investors.

    The platform opens its doors to participants through its Private Sale, Public Sale, and Early Access offerings. This initiative allows individuals to invest in cutting-edge projects and become integral participants in a movement poised to transform the landscape of decentralized solutions. By joining Oppad, participants can expect to engage with a vibrant community committed to driving growth and innovation across various sectors.

    Oppad emphasizes the importance of collaboration within its ecosystem. By leveraging collective knowledge and resources, the platform facilitates connections between creators and investors. This approach encourages an environment of mutual support, where individuals can share insights, form partnerships, and contribute to the success of impactful projects. The platform’s design empowers users to navigate the ever-evolving world of decentralized technologies with confidence and ease.

    The launch event will take place on March 28, 2025, allowing prospective users and investors a firsthand look at how Oppad operates and the unique opportunities it presents. Attendees will gain insight into the platform’s goals, the projects featured, and the innovative technologies that will shape the future.

    For those looking to be part of this innovative journey, Oppad invites interested individuals to participate in its various sales. By doing so, they will not only be making a financial investment but also joining a transformative community focused on advancing decentralized growth. Visit Oppad’s website for more details on participation and upcoming events.

    For more information and to stay updated on market trends, visit our website: https://www.oppad.io/. For the latest updates and insights, Join our community on Telegram at http://t.me/Oppadeth, follow us on Twitter at https://x.com/OPPADETH, and connect with us on Discord at https://discord.gg/a2bajJyH.

    Contact:
    Victoria Mones
    help@oppad.io

    Disclaimer: This press release is provided by Oppad. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c747d1f-b07c-4046-91bc-af948b6bc255

    The MIL Network

  • MIL-OSI USA: AFSCME’s Saunders: Cutting wages for workers and undermining unions is a promise broken

    Source: American Federation of State, County and Municipal Employees Union

    WASHINGTON – AFSCME President Lee Saunders released the following statement after the White House moved to end the $15 minimum wage for federal contractors and re-direct federal infrastructure investments to anti-union companies:

    “The billionaires in the White House continue to find new ways to enrich themselves at the expense of working people. Ending the $15 minimum wage for federal contractors and redirecting taxpayer money to anti-union companies is just the latest example. This move is nothing more than an anti-worker measure to take money out of working peoples’ pockets, undermine their voice on the job and punish anyone who tries to speak out about unfair, unsafe working conditions. It’s also a slap in the face and promise broken to workers who are depending on this administration to lower rising costs, raise wages and make it easier for them to make ends meet.”

    ### 

    MIL OSI USA News

  • MIL-OSI USA: AFSCME’s Saunders: We will continue to stand with workers and fight these efforts to destroy public service

    Source: American Federation of State, County and Municipal Employees Union

    WASHINGTON – AFSCME President Lee Saunders released the following statement after President Trump signed an executive order Friday to dismantle seven federal agencies. The order could directly impact AFSCME members who work for Voice of America:

    “AFSCME members at Voice of America work tirelessly to provide objective and reliable news media to citizens across the globe. Their work – delivered in nearly 50 different languages – is a symbol of how a free press should operate. And last night, the administration just moved to shut them down and other important agencies as part of a slash-and-burn effort to destroy public services no matter the cost to working families or our communities.

    “This executive order also shamefully takes aim at the Federal Mediation and Conciliation Service which helps to prevent and resolve work stoppages and the Institute of Museum and Library Services which funds and supports countless cultural institutions. Investment in cultural funding ensures that AFSCME members can continue to inspire a love of learning, creativity, history and art at our nation’s museums and libraries.

    “Our union has been fighting these efforts to undermine the integrity of a nonpartisan, qualified public service. And we will continue to fight to protect workers against these thinly veiled attempts to politicize and eliminate the essential work they do.”

    ### 

    MIL OSI USA News

  • MIL-OSI: BexBack Launches 100x Leverage Crypto Trading, No KYC, Double Deposit Bonus, and $50 Welcome Bonus

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 15, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages. The platform now features a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency trading, providing exceptional opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d8e4f9d5-733c-4f2d-ae59-f090c4d12acf

    https://www.globenewswire.com/NewsRoom/AttachmentNg/66abe146-1313-4406-8203-172b691970d4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d2a4935e-2679-4e80-bf28-41777a645561

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e120da17-985e-46ec-97b5-53f836fdcff8

    The MIL Network

  • MIL-OSI Video: 3 Barriers for Women in Business & How Peace Talks Work | WEF | Top Stories Week

    Source: World Economic Forum (video statements)

    This week’s top stories of the week include:

    0:15 Factory helps staff develop digital skills – Chicago’s Kilbourn facility is the largest Unilever condiments factory in the world and today, more than 200 people operate the lines 6 days a week. But 3 years ago, Kilbourn had reached a crisis point. To fix it, Kilbourn worked alongside its labour union to help staff develop their digital skills.

    3:18 3 barriers for women in business – Cherie Blair, a lawyer and advocate for women entrepreneurs, highlights three major obstacles women face in business: gender stereotyping, access to finance, and unpaid care duties.

    7:30 Work-life balance a top priority – A job that fits their lives is now the top motivator for employees worldwide. In Randstad’s Workmonitor annual survey of more than 26,000 global workers, work-life balance outranks pay for the first time in 22 years.

    9:11 Expert explains how peace talks work – Comfort Ero is head of the think tank International Crisis Group. The organization is working on more than 70 current and potential conflicts worldwide, promoting peace through research, dialogue and policy advice.
    _____________________________________________

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=jU6Ia7gVyG4

    MIL OSI Video

  • MIL-OSI: Gems Launchpad introduces its ‘Gems Protect’ feature as a safety net for investors

    Source: GlobeNewswire (MIL-OSI)

    To provide its community with greater security and confidence, the Gems Protect risk-mitigation feature allows investors in the Gems Miner program to offset any possible financial losses

    LIMASSOL, Cyprus, March 15, 2025 (GLOBE NEWSWIRE) — Gems Launchpad, a community-driven launchpad built around an exclusive investor network, introduces a new financial safeguard, Gems Protect, designed to shield users who invested in its recently launched Gems Miner initiative. Gems Miner is a blockchain-based tool allowing users to generate tokens from four premium projects launched on the Gems Launchpad, enabling passive portfolio diversification. The Gems Protect system calculates the total value of a user’s mined tokens from the activation date to the current evaluation date, and if their portfolio drops by more than 25 percent, they can qualify for a claim under the protection plan.

    The idea behind these virtual miners is to provide a more robust and risk-managed architecture for Gems’s community while streamlining a more predictable and accessible path to investing in promising early-stage projects. There are three types of Gems Miners: Mini, Miners, and Mega, each offering different token generation rates. The first series of Miners unlocks earning potential by allowing users to mine tokens from these four exclusive premium projects: Incentiv, Olympus AI, RAIN, and Prodex.

    As an investment protection plan covering up to 75 percent of one’s initial investment, Gems Protect offers an additional layer of financial security. This protection mechanism is implemented via smart contracts to ensure transparency and automation. Quarterly snapshots and claim eligibility checks are executed algorithmically, eliminating the need for any potential manual intervention.

    Gems Protect is issued as a non-transferable NFT, guaranteeing transparency, traceability, and security on the blockchain. If a user purchased a Gems Miner before the introduction of this feature, they will have the opportunity to purchase Gems Protect retroactively, with the same terms and conditions.

    “We developed this new feature because we value our community and want to ensure they feel secure and confident when they invest in our launchpad projects,” says Isaac Joshua, CEO of Gems Launchpad. “We launched our Nodes and Miners initiative because diversification is highly undervalued in Web3, and with the Gems Protect feature, our community receives another layer of security. By protecting up to 75 percent of the original investment in a Gems Miner, we are providing true peace of mind.”

    More details on Gems Protect can be found here.

    About Gems:
    Gems is a distinguished crypto launchpad with the mission of unearthing genuine “gems” in the Web3 landscape through rigorous due diligence. The platform aims to bring together a robust ecosystem for blockchain projects by focusing on launching innovative ventures, expanding communities, penetrating new markets, and leveraging its international network of investors, known as Leaders, to partake in the early stages of groundbreaking projects. Gems launchpad model is driven by active community participation, creating a synergistic environment that benefits both visionaries and the adoption of pioneering ideas. For more information, visit: https://gems.vip/

    Contact:
    Ari Karp
    ari@gems.vip

    Disclaimer: This press release is provided by Gems Launchpad. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/59ff8895-f2cb-4c17-af5c-2d3a90c24514

    The MIL Network

  • MIL-OSI Video: Do you remember MOPP 4 training?

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts

    https://www.youtube.com/watch?v=LWFBWoI1764

    MIL OSI Video

  • MIL-OSI Europe: Press Release of the General Secretariat of the Synod and Letter on the Accompaniment Process of the Implementation Phase of the Synod

    Source: The Holy See

    Press Release of the General Secretariat of the Synod and Letter on the Accompaniment Process of the Implementation Phase of the Synod, 15.03.2025
    Press Release from the General Secretariat of the Synod
    (Saturday 15 March 2025)
    The General Secretariat of the Synod has sent to all Bishops and Eparchs and, through them, to the entire “Holy People of God” entrusted to their care, a Letter on the accompaniment process of the implementation phase of the Synod «For a Synodal Church: Communion, Participation, Mission».
    This process of accompaniment and evaluation of the implementation phase, coordinated by the General Secretariat of the Synod, was approved by Pope Francis. The Holy Father requested its dissemination to the local Churches and groupings of Churches.
    Several significant meetings for evaluating the progress made in the implementation phase will conclude in 2028 with an ecclesial Assembly in Rome.
    ***
    Letter on the Accompaniment Process of the Implementation Phase of the Synod
    (Vatican, 15 March 2025)
    To the Patriarchs and Major Archbishops of the Eastern Catholic Churches
    To all Bishops and Eparchs
    To the Presidents of the Episcopal Conferences
    To the Presidents of the International Meetings of Episcopal Conferences
    Your Beatitude, Eminence, Excellency,
    Dear Brother in Christ,
    in a spirit of communion and co-responsibility, I write to you and to the holy People of God entrusted to your care regarding the implementation phase of the Synod «For a Synodal Church: Communion, Participation, Mission». The Holy Father hopes that this phase, as outlined in the Apostolic Constitution Episcopalis Communio (n. 7, arts. 19-21), receives particular attention so that synodality is increasingly understood and lived as an essential dimension of the ordinary life of local Churches and the entire Church.
    On 11 March, the Holy Father definitively approved the start of a process of accompaniment and evaluation of the implementation phase by the General Secretariat of the Synod. This process calls upon Dioceses and Eparchies, Episcopal Conferences, and the hierarchical structures of the Eastern Catholic Churches, as well as their continental groupings. They will be responsible for engaging institutes of consecrated life, societies of apostolic life, lay associations, ecclesial movements, and new communities present in their territories. It will ultimately culminate in the celebration of an ecclesial assembly in the Vatican in October 2028. For now, therefore, a new Synod will not be convened; instead, the focus will be on consolidating the path taken so far.
    In the Accompanying Note to the Final Document of the XVI Ordinary General Assembly of the Synod of Bishops, the Holy Father had already specified that it «is part of the ordinary magisterium of the Successor of Peter» and and, as such, must be received accordingly. He went on to explain that it is not strictly normative but nonetheless calls on the Churches to make consistent choices. In particular, «the local Churches and groupings of Churches are now called upon to implement, in their different contexts, the authoritative proposals contained in the Document through the processes of discernment and decision-making provided for by law and by the Document itself».
    In light of these indications, therefore, the implementation phase of the Synod should be understood not as merely the “application” of directives from above, but rather as a process of “reception” of the orientations expressed in the Final Document, adapted appropriately to local cultures and the needs of communities. At the same time, it is essential to move forward together as the whole Church, harmonizing this reception across different ecclesial contexts. This is the reason for the process of accompaniment and evaluation, which in no way diminishes the responsibility of each Church.
    In line with the indications of the Final Document, the aim is to concretely realize the perspective of the exchange of gifts between Churches and within the whole Church concrete (cf. nn. 120-121). Along the way, everyone will be able to benefit from the richness and creativity of the paths taken by local Churches, gathering the fruits in their territorial groupings (Provinces, Episcopal Conferences, International Meetings of Episcopal Conferences, etc.). The process will also be an opportunity to evaluate together the choices made at the local level and recognize the progress made in terms of synodality (cf. n. 9). Thanks to this process, the Holy Father will be able to listen to and confirm the orientations deemed valid for the whole Church (cf. nn. 12 and 131). Finally, this process provides the framework within which to place the many and diverse initiatives for implementing the orientations of the Synod, particularly the results of the work of the Study Groups and the contributions of the Canonical Commission.
    It is of fundamental importance to ensure that the implementation phase serves as an opportunity to re-engage the people who have contributed and to present the fruits gathered from listening to all the Churches and the discernment of the Pastors in the Synodal Assembly: thus, the dialogue already initiated in the listening phase will continue. The process will rely on the work of synodal teams composed of priests, deacons, consecrated men and women, laymen and laywomen, accompanied by their bishop: these are fundamental tools for accompanying the ordinary synodal life of local Churches. For this reason, existing teams should be valued and possibly renewed, idle teams should be reactivated and appropriately integrated. This process will also offer Dioceses that have invested less in the synodal path an opportunity to recover the steps not yet taken and to form their own synodal teams. I invite you to communicate to the Secretariat of the Synod the composition and references of the synodal team of your Diocese or Eparchy, using the form available in the attachment.
    In this context, the announcement of the Jubilee of synodal teams and participatory bodies to be held on 24-26 October 2025, takes on particular significance. thus placing the commitment to building a Church that is increasingly synodal within the horizon of the hope that does not disappoint, which we celebrate in the Jubilee.
    The journey that will lead the whole Church to the celebration of the ecclesial assembly in October 2028 will be structured in such a way as to offer adequate and sustainable times for the implementation of the Synod’s indications, while also providing for some significant moments of evaluation:
    · March 2025: announcement of the accompaniment and evaluation process;
    · May 2025: publication of the Support Document for the implementation phase, with guidelines for its conduct;
    · June 2025 – December 2026: implementation paths in local Churches and their groupings;
    · 24-26 October 2025: Jubilee of synodal teams and participatory bodies;
    · first half of 2027: evaluation Assemblies in Dioceses and Eparchies;
    · second half of 2027: evaluation Assemblies in national and international Episcopal Conferences, Eastern hierarchical structures, and other groupings of Churches;
    · first half of 2028: continental evaluation Assemblies;
    · June 2028: publication of the Instrumentum laboris for the works of the ecclesial Assembly in October 2028;
    · October 2028: celebration of the ecclesial Assembly in the Vatican.
    As of now, the General Secretariat of the Synod is committed to accompanying and supporting the Churches on this journey.
    Your Beatitude, Eminence, Excellency,
    with this letter, I am informing you of the start of this journey before it is made public. Until then, the information contained in this letter should be considered confidential. By the end of May, we will send further communications to the Churches with more details regarding the methodology and operational procedures of the journey.
    Without the impetus of diocesan and eparchial bishops, a process like the one outlined here would not even be imaginable. As of now, I would like to express my sincere thanks to you, your collaborators, and your synodal team for your commitment to advancing a journey that is particularly close to the Holy Father’s heart, for whose health we are all praying together in these weeks.
    I greet you fraternally in the Lord, wishing you and the Church of which you are Pastor a fruitful journey toward the upcoming Easter.
    Mario Card. Grech
    Secretary General of the General Secretariat of the Synod

    MIL OSI Europe News

  • MIL-OSI: Skyward Specialty Welcomes Patricia Ryan as General Counsel

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 14, 2025 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc.™ (Nasdaq: SKWD) (“Skyward Specialty” or “the Company”) a leader in the specialty property and casualty (P&C) market, has recruited Patricia Ryan as the Company’s new General Counsel effective Tuesday, April 1 following the upcoming retirement of Leslie Shaunty, Skyward Specialty’s long-time General Counsel, after nearly 12 years of dedicated service. Ms. Shaunty will continue through the end of 2025 in a support and transition capacity.

    Ms. Ryan has extensive experience across a broad range of insurance legal competencies including compliance and regulatory matters, corporate governance and enterprise risk management, securities, products and contract law. With more than 20 years in the insurance industry, she has held Chief Legal Officer, General Counsel and other senior legal and human resources leadership positions at Trean Insurance Group, HDI Global, QBE North America, and Allianz/Fireman’s Fund Insurance Company. Additionally, Ms. Ryan spent more than a decade in private practice before joining the insurance sector.

    Ms. Ryan holds a J.D. from Loyola University Chicago School of Law and a bachelor’s degree in economics and history from the University of Illinois.

    “We’re thrilled to welcome Patty to the Skyward Specialty team,” said Robinson. “Her deep legal expertise and proven leadership in the industry make her a welcome addition to our executive team. We look forward to her contributions as we continue to drive innovation and excellence in the industry.” said Andrew Robinson, Chairman and CEO of Skyward Specialty.

    Robinson further commented, “Leslie has been a key member of our executive leadership team providing product development, legal, compliance and strategic leadership. Her expertise, drive and work rate were central to our highly successful IPO, each subsequent follow-on offering, and performance as a public company. We are incredibly grateful for her many contributions. On behalf of the entire executive leadership team, we thank Leslie for her lasting impact and wish her the very best in her retirement.”

    About Skyward Specialty
    Skyward Specialty is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions — Accident & Health, Captives, Global Property & Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.

    Skyward Specialty’s subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A (Excellent) with a stable outlook by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit skywardinsurance.com.

    Media Contact
    Haley Doughty
    Skyward Specialty Insurance Group
    713-935-4944
    hdoughty@skywardinsurance.com

    Investor Contact
    Natalie Schoolcraft
    Skyward Specialty Insurance Group
    614-494-4988
    nschoolcraft@skywardinsurance.com

    The MIL Network

  • MIL-OSI: Bocana Resources Corp. Announces Cancelation and Reissuance of Stock Option Grants

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 14, 2025 (GLOBE NEWSWIRE) — Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) (the “Company“) has been advised by the TSX Venture Exchange that the previously issued grant of 2,400,000 stock options to directors and officers on May 24, 2024, were issued outside of the proper timeline for the Company’s Stock-Based Compensation Plan to be effective. Therefore, the Company is canceling the previously issued stock options of May 24, 2024, and reissuing them with the same terms as previously issued.

    Each stock option entitles the holder to purchase one common share of the Company for $0.10 on the following terms:

        Number of
    Expiry date Vesting date stock options
    May 24, 2029 May 24, 2024 1,800,000
    June 30, 2029 June 30, 2024 300,000
    September 30, 2029 September 30, 2024 150,000
    December 31, 2029 December 31, 2024 150,000
        2,400,000
     

    About Bocana Resources Corp.

    Bocana is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100% working interest in the mineral properties known as the Escala area concessions located at the Department of Potosi, Sud Lipez Province, Bolivia, as awarded by Comibol.

    Contact Information
    For more information on Bocana, visit https://bocanaresources.com.

    For more information or interview requests, please contact:
    Timothy J. Turner – Chief Executive Officer
    info@bocanaresources.com

    This news release contains forward-looking information. There can be no assurance that forward-looking information will be accurate, as actual results and future events could differ materially from those anticipated in these statements. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    The TSX Venture Exchange has reviewed and approved the accuracy of this news release.

    The Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this news release.

    The MIL Network

  • MIL-OSI: BW Energy: Issuance of shares

    Source: GlobeNewswire (MIL-OSI)

    Issuance of shares

    Reference is made to the stock exchange announcement published earlier today by BW Energy Limited (“BW Energy” or the “Company”) regarding the settlement of RSUs by issuance of shares in the Company in order to settle RSUs under BW Energy’s Long Term Incentive Program (LTIP).

    Following the issuance of shares, there are 258,066,021 issued shares in the Company, each with a nominal value of USD 0.01, all of which have been validly and legally issued and fully paid.

    For further information, please contact:

    Brice Morlot, CFO BW Energy, ir@bwenergy.no

    About BW Energy:
    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, and a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 580 million barrels of oil equivalent at the start of 2024.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network

  • MIL-OSI: Peyto Exploration & Development Corp. Confirms Monthly Dividend for April 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 14, 2025 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to March 2025 of $0.11 per common share is to be paid on April 15, 2025, for shareholders of record on March 31, 2025.

    Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

    Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies. The website also includes a monthly report, which discusses various topics chosen by the President and CEO and includes estimates of monthly capital expenditures and production. For further information please contact:

    Jean-Paul Lachance
    President and Chief Executive Officer
    Phone: (403) 261-6081
    Fax:     (403) 451-4100
    info@peyto.com

    Certain information set forth in this document, including management’s assessment of Peyto’s future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties’ control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

    The MIL Network

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 14.03.2025

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    14 March 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 14.03.2025

    Espoo, Finland – On 14 March 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 2,431,999 4.87
    CEUX 1,376,481 4.87
    BATE
    AQEU 169,328 4.88
    TQEX
    Total 3,977,808 4.87

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 14 March 2025 was EUR 19 391 018. After the disclosed transactions, Nokia Corporation holds 172 084 787 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network

  • MIL-OSI: $125MM Construction Loan in DUMBO Financed by Bravo Property Trust and Integritas Capital

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) — Bravo Property Trust, in partnership with Integritas Capital, closed a $125M million senior construction loan in Dumbo for an office-to-residential conversion. Bravo Property Trust, a construction and bridge lending affiliate of Bravo Capital, originated and led the senior loan alongside Man Group.

    “We are proud to finance best-in-class locations like Dumbo, and sponsors who have a decades long track record of consistent success,” Aaron Krawitz, CEO of Bravo Capital and Bravo Property Trust, said in a statement.

    The property is an existing 8-story gut renovated office building that will be converted into multifamily rentals under the new 467m tax abatement program, with a new 11-story vertical condo development on top. The multifamily and condo portions will each have their own class-A amenity space including tenant lounges, outdoor space, and a fitness center. All units overlook the Brooklyn Bridge. Located on the border of Dumbo and Downtown Brooklyn, the subject is proximate to the F, A, and C subway lines offering direct access to Manhattan.

    “Our platform is designed to deliver smart, strategic financing that drives transformative projects like this one. The Dumbo conversion is a prime example of revitalizing a top-tier location while creating high-quality housing in a market with strong demand,” Gabi Moshayev, Founder & Chairman of Bravo Property Trust, said.

    New York City’s new 467m tax abatement program will provide the multifamily portion of the property with a tax abatement for 35 years in exchange for reserving 25% of units for low-income tenants. The abatement provides a 65% exemption for the first 30 years and drops 10% per year starting in year 31.

    “At Integritas, we are among the few nationally to have converted office and other commercial buildings to residential in multiple cities under our equity strategy. This expertise supported our ability to close this large and complex loan quickly,” Stephen Palmese, Co-Founder and Managing Principal of Integritas Capital, said.

    The completed project will be a landmark 19-story residential tower.

    About Bravo Property Trust: Bravo Property Trust is a leading bridge and construction financing platform, which, along with its affiliates, has closed over $1.5 billion in financing. For more information about Bravo Property Trust and Bravo Capital and its services, please visit https://bravocapital.com/ and https://bravopropertytrust.com/ or contact (212-729-4962).

    About Integritas Capital: IC is a vertically integrated private equity firm with a broad range of investments with a focus on commercial real estate private equity and private credit. Since 2004, Integritas Capital has been the direct developer or lead investor in $2.5 billion in real estate projects across ground up development, direct investment and preferred equity investment, the acquiring of non-performing loans and the origination of whole loans and mezzanine financing.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85f88b33-5117-4f56-ba47-eec258b132b6

    The MIL Network

  • MIL-OSI: VALUE LINE, INC. ANNOUNCES EARNINGS FOR FIRST NINE MONTHS OF FISCAL 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) — Value Line, Inc., (NASDAQ: VALU) reported strong financial results:

    • During the nine months ended January 31, 2025, the Company’s net income of $16,735,000, or $1.78 per share, was 17.6% above net income of $14,232,000, or $1.51 per share, for the nine months ended January 31, 2024.
       
    • During the nine months ended January 31, 2025, Value Line’s income of $13,781,000 from its non-voting revenues interest in Eulav Asset Management (“EAM”) and non-voting profits interest in EAM increased $4,440,000 or 47.5% above the prior fiscal year.
       
    • For the nine months ended January 31, 2025, the Company’s total investment gains of $3,557,000 increased $1,872,000, or 111.1% above the prior fiscal year.
       
    • Retained earnings at January 31, 2025, were $112,508,000, an increase of 7.9% compared to retained earnings at April 30, 2024.
       
    • Shareholders’ equity reached $98,950,000 at January 31, 2025, an increase of 9.0% from the shareholders’ equity of $90,793,000 as of April 30, 2024.

    The Company’s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company’s website at www.valueline.com/About/corporate_filings.aspx. Shareholders may receive a printed copy, free of charge upon request to the Company at the address above, Attn: Corporate Secretary.

    Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity investment research. Value Line also publishes a range of proprietary investment research in both print and digital formats including research in the areas of Mutual Funds, ETFs and Options. Value Line’s acclaimed research also enables the Company to provide specialized products such as Value Line Select, The Value Line Special Situations Service, Value Line Select ETFs, Value Line Select: Dividend Income & Growth, The New Value Line ETFs Service, The Value Line M&A Service, Information You Should Know Wealth Newsletter, The Value Line Climate Change Investing Service and certain Value Line copyrights, distributed under agreements including certain proprietary ranking system information and other proprietary information used in third party products. Value Line’s products are available to individual investors by mail, at www.valueline.com or by calling 1-800-VALUELINE or 1-800-825-8354, while institutional-level services for professional investors, advisers, corporate, academic, and municipal libraries are offered at www.ValueLinePro.com, www.ValueLineLibrary.com and by calling 1-800-531-1425.

    Cautionary Statement Regarding Forward-Looking Information

    In this report, “Value Line,” “we,” “us,” “our” refers to Value Line, Inc. and “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires.

    This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as “believe”, “estimate”, “expect”, “anticipate”, “will”, “intend” and other similar or negative expressions, that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended. Actual results for Value Line, Inc. (“Value Line” or “the Company”) may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:

    • maintaining revenue from subscriptions for the Company’s digital and print published products;
    • changes in investment trends and economic conditions, including global financial issues;
    • changes in Federal Reserve policies affecting interest rates and liquidity along with resulting effects on equity markets;
    • stability of the banking system, including the success of U.S. government policies and actions in regard to banks with liquidity or capital issues, along with the associated impact on equity markets;
    • continuation of orderly markets for equities and corporate and governmental debt securities;
    • problems protecting intellectual property rights in Company methods and trademarks;
    • protecting confidential information including customer confidential or personal information that we may possess;
    • dependence on non-voting revenues and non-voting profits interests in EULAV Asset Management, a Delaware statutory trust (“EAM” or “EAM Trust”), which serves as the investment advisor to the Value Line Funds and engages in related distribution, marketing and administrative services;
    • fluctuations in EAM’s and third party copyright assets under management due to broadly based changes in the values of equity and debt securities, market sector variations, redemptions by investors and other factors;
    • possible changes in the valuation of EAM’s intangible assets from time to time;
    • possible changes in future revenues or collection of receivables from significant customers;
    • dependence on key executive and specialist personnel;
    • risks associated with the outsourcing of certain functions, technical facilities, and operations, including in some instances outside the U.S.;
    • risks of potential tariffs and other restrictions affecting the cost and availability of materials, equipment, and other necessary inputs to the Company’s operations;
    • competition in the fields of publishing, copyright and investment management, along with associated effects on the level and structure of prices and fees, and the mix of services delivered;
    • the impact of government regulation on the Company’s and EAM’s businesses;
    • federal and/or state legislative changes that might affect Value Line’s business;
    • the availability of free or low cost investment information through discount brokers or generally over the internet;
    • the economic and other impacts of global political and military conflicts;
    • continued availability of generally dependable energy supplies and transportation facilities in the geographic areas in which the company and certain suppliers operate;
    • terrorist attacks, cyber attacks and natural disasters;
    • the need for changes in our business plans because of unexpected events that occur;
    • widespread illnesses which may drastically affect markets, employment, and other economic conditions, and may have additional unpredictable impacts on employees, suppliers, customers, and operations;
    • changes in prices and availability of materials and other inputs and services, such as freight and postage, required by the Company;
    • other risks and uncertainties, including but not limited to the risks described in Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended April 30, 2024 and in Part II, Item 1A of the Quarterly Report on Form 10-Q for the period ended January 31, 2025; and other risks and uncertainties arising from time to time.

    These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors which may involve external factors over which we may have no control could also have material adverse effects on future results. Likewise, changes we make in our plans, objectives, strategies, or intentions, which may occur at any time in our discretion, could also have material favorable or adverse effects on our future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the SEC pursuant to the SEC’s rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, current plans, anticipated actions, and future financial conditions and results may differ from those expressed in any forward-looking information contained herein.

    Contact: Howard A. Brecher                                         
    Value Line, Inc.
    212-907-1500

    www.valueline.com
    www.ValueLinePro.com, www.ValueLineLibrary.com
    Facebook | LinkedIn | Twitter
    Complimentary Value Line® Reports on Dow 30 Stocks

    The MIL Network

  • MIL-OSI: Castellum Announces Proposed Public Offering of Common Stock and Warrants

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., March 14, 2025 (GLOBE NEWSWIRE) —  Castellum, Inc. (the “Company” or “Castellum”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced that it intends to offer and sell shares of its common stock and warrants exercisable into shares of the Company’s common stock, in a public offering. All of the shares of common stock are being offered by Castellum. Castellum initially intends to use the net proceeds of the offering for working capital and general corporate purposes. Consummation of the offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

    Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis.

    A shelf registration statement on Form S-3 (File No. 333-284205) relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on January 24, 2025. The shares may be offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering are being filed with the SEC and will be available on the SEC’s website at www.sec.gov. When available, copies of the preliminary prospectus supplement and accompanying prospectus relating to the public offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated by reference therein, for more complete information about the Company and the proposed offering. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About Castellum, Inc.

    Castellum, Inc. (NYSE-American: CTM) is a defense-oriented technology company that is executing strategic acquisitions in the cybersecurity, MBSE, and information warfare areas – http://castellumus.com/.

    Forward-Looking Statements:

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to close the described equity offering ; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. “Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential debt financing in this press release, could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

    Contact:

    Glen Ives
    President and Chief Executive Officer
    Phone: (703) 752-6157
    Contact: Info@castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/77c7240e-45a9-4c58-8e4f-2318bab1b4df

    The MIL Network

  • MIL-OSI: Global Federal Credit Union and First Financial Northwest, Inc. Announce Expected Closing Date for Transaction

    Source: GlobeNewswire (MIL-OSI)

    ANCHORAGE, Alaska and RENTON, Wash., March 14, 2025 (GLOBE NEWSWIRE) — Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), jointly announced today they have set the expected closing date for Global’s acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the Bank (the “Asset Sale”), on the terms and subject to the conditions of the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among the Company, the Bank and Global (the “Agreement”). The Asset Sale is expected to be completed on April 11, 2025, subject to the satisfaction or waiver of the remaining closing conditions set forth in the Agreement.

    Following the Asset Sale, the Company will take all necessary action to wind up its affairs, distribute its remaining net assets, including the remaining net cash proceeds from the purchase price paid by Global in the asset sale, to the shareholders of the Company, and dissolve under applicable Washington law. The cash consideration to Company shareholders is expected to be paid out in multiple distributions. An initial distribution to Company shareholders is expected to occur as soon as practicable after the completion of the transaction.

    Global will operate the locations of the Bank as a separately branded division of Global until the system and brand integration is completed later in 2025.

    About Global Federal Credit Union

    Global Federal Credit Union is a not-for-profit, member-owned financial cooperative with the mission of enriching lives through world-class financial services. Global was founded in 1948 at the Alaska Air Depot, and now serves more than 750,000 members online and more than 70 branches across Washington, Alaska, Idaho, California, Arizona, as well as branches on three U.S. military installations in Italy. Learn more at globalcu.org.

    About First Financial Northwest

    First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank, an FDIC-insured Washington State-chartered commercial bank headquartered in Renton, Washington, serving the Puget Sound Region through 15 full-service banking offices. Visit ffnwb.com and click on the “Investor Relations” link at the bottom of the page for more information.

    Forward-looking statements:
    When used in this press release and in other documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts but instead represent management’s current expectations and forecasts regarding future events many of which are inherently uncertain and outside of our control. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions and statements about, among other things, our pending transaction with Global whereby Global, pursuant to the Agreement, will acquire substantially all of the assets and assume substantially all of the liabilities of the Bank, expectations of the business environment in which we operate, projections of future performance or financial items, perceived opportunities in the market, potential future credit experience, and statements regarding our mission and vision. These forward-looking statements are based on current management expectations and may, therefore, involve risks and uncertainties. Actual results may differ, possibly materially from those currently expected or projected in these forward-looking statements made by, or on behalf of, us and could negatively affect our operating and stock performance. Factors that could cause our actual results to differ materially from those described in the forward-looking statements, include, but are not limited to, the following: the occurrence of any event, change or other circumstances that could give rise to the right of one or all of the parties to terminate the Agreement; delays in completing the transactions contemplated by the Agreement; the failure to satisfy any of the conditions to the Global transaction on a timely basis or at all; delays or other circumstances arising from the dissolution of the Bank and the Company following completion of the Agreement; diversion of management’s attention from ongoing business operations and opportunities during the pending Global transaction; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement of the Global transaction; adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a recession or slowed economic growth; changes in the interest rate environment, including increases or decreases in the Federal Reserve benchmark rate and duration at which such interest rate levels are maintained, which could adversely affect our revenues and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and the current and future monetary policies of the Federal Reserve in response thereto; the effects of any federal government shutdown; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on our market position, loan and deposit products; legislative and regulatory changes; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems or on the third-party vendors who perform several of our critical processing functions; effects of critical accounting policies and judgments, including the use of estimates in determining the fair value of certain of our assets, which estimates may prove to be incorrect and result in significant declines in valuation; the potential imposition of new tariffs or changes to existing trade policies that could affect economic activity or specific industry sectors; the effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, civil unrest and other external events on our business; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with or furnished to the SEC – that are available on our website at www.ffnwb.com and on the SEC’s website at www.sec.gov.

    Any of the forward-looking statements that we make in this press release and in the other public statements are based upon management’s beliefs and assumptions at the time they are made and may turn out to be wrong because of the inaccurate assumptions we might make, because of the factors illustrated above or because of other factors that we cannot foresee. Therefore, these factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    Global Credit Union
    Media Contact
    Tim Woolston
    Senior Vice President, Marketing
    907-317-9454
    t.woolston@globalcu.org

    First Financial Northwest, Inc.
    Investor Contacts
    Joseph W. Kiley III
    President and Chief Executive Officer
    Rich Jacobson
    Executive Vice President and Chief Financial Officer
    425-255-4400

    The MIL Network

  • MIL-OSI: Concerned Stockholders Prevail in Delaware Court; Obtain Stockholder List Necessary for Robust Proxy Solicitation

    Source: GlobeNewswire (MIL-OSI)

    Delaware Judge Orders Ionic Digital to Immediately Provide Stockholder List

    Despite Ionic’s Continued Misrepresentations, Delaware Court Finds that Plaintiffs are Not “Surrogates” or “Shills” for Figure Markets and GXD Labs

    SAN FRANCISCO, Calif., March 14, 2025 (GLOBE NEWSWIRE) — As a result of nearly six months of persistence, three determined stockholders of Ionic Digital Inc. (“Ionic Digital” or the “Company”), Tony Vejseli, Chris Villinger, and Brett Perry (collectively, the “Concerned Stockholders”) today announced that they have successfully obtained a Court order directing Ionic digital to provide a copy of the Company’s list of stockholders for the purposes of soliciting votes for their nominees in the ongoing proxy contest ahead of the Company’s first annual meeting of stockholders (the “Annual Meeting”).

    Yesterday afternoon, Delaware Vice Chancellor Bonnie David ruled in favor of the Concerned Stockholders, ordering the Company to immediately provide a list of the Company’s stockholders and other necessary contact information to the Concerned Stockholders’ proxy solicitor, Saratoga Proxy Consulting LLC. This is an important victory for all Ionic stockholders and is the first step towards ensuring a free and fair election for the open seats on the Company’s Board of Directors (the “Board”) at the Annual Meeting. The Concerned Stockholders’ proxy solicitor will now be able to contact all Ionic stockholders directly to solicit their votes in favor of their highly-qualified nominees.

    It is disappointing, but not surprising, that Ionic Digital continues to misrepresent basic facts to its stockholders. Despite Ionic Digital’s continued insistence that the Concerned Stockholders are merely being used by Figure Markets Holdings, Inc. and GXD Labs, LLC to advance their own economic interests, the Delaware Court of Chancery (the “Delaware Court”) in fact found:

    • “[T]hat the plaintiffs are not simply ‘proxies,’ ‘surrogates,’ or ‘shills’ for Figure Markets and GXD;”
    • “[T]hat each of the plaintiffs here seeks the stock list materials because he sincerely wants to run a proxy contest to improve governance at the company. Each of the plaintiffs has credible reasons for that purpose. The stockholders want greater transparency and liquidity for their shares, which have not traded for over a year; and numerous changes to Ionic’s directors, officers, and auditor raise questions about the company’s governance and strategic direction;”
    • “Ionic suggests that Vejseli does not truly seek to represent the interests of Ionic stockholders, and instead has ‘lent his name’ to the demand… But it is clear to me, both from Vejseli’s testimony and the larger record, that that is not the case;” and
    • I find that the plaintiffs’ stated purposes are sincere, their own, and therefore proper.” (emphases added)

    The Company’s recent press release also conveniently ignores the fact that Figure Markets and GXD Labs already agreed in the fall of 2024 that they would not receive or have access to any stocklist materials shared with the requesting stockholders. Discussions on the stockholder list NDA only broke down due to Ionic Digital’s unreasonable insistence on the inclusion of a no “Outside Funds Provision” in the NDA – i.e., a provision barring financial support from third parties for the proxy contest and related legal efforts. The Delaware Court did not find the no Outside Funds Provision to be reasonable or appropriate, stating instead “I see no basis to impose the onerous Outside Funds Provision that Ionic seeks.” (emphasis added). Instead, the Company forced the Concerned Stockholders to commence litigation in the Delaware Court in order to compel it to comply with Delaware law, when these matters could have been resolved months ago.

    Stockholders are invited to read the full transcript of the telephonic ruling here.

    While this is an important victory for Ionic Digital stockholders, the fight for a free and fair election at the Annual Meeting – where stockholders will have a real choice in who represents them on the Board – is not over. Certain of the Concerned Stockholders have filed a class action Complaint in the Delaware Court of Chancery contesting the reduction of the size of the Board, alleging that the Board breached its fiduciary duties by improperly shrinking its size in an attempt to entrench the incumbent directors and block stockholders from having a chance to effect real change at the Company. There also remains a debate around the appropriate quorum for the Annual Meeting. The Company has further challenged the validity of the Concerned Stockholders’ nominations, which the Concerned Stockholders believe were improperly rejected by the Board. The Concerned Stockholders will continue to fight to defend their nominations. These issues will be heard by the Delaware Court at a trial scheduled to be held on May 8th. Because of the importance of deciding these issues ahead of the Annual Meeting, we asked the Delaware Court to require, and the Company conceded, that the Annual Meeting will not be held until after a ruling is rendered in the Class Action litigation.

    The Concerned Stockholders will continue to post informational updates on their website and encourage their fellow stockholders to vote for their TWO nominees on the GOLD proxy card at www.ionicvote.com today!

    The Concerned Stockholders are committed to a free and fair election, where all Ionic Digital stockholders have a real choice in who represents them in the boardroom.  

    This is the chance for Ionic stockholders to finally have their voices heard!

    About the Nominating Stockholders’ Nominees

    Oliver Wiener is a Founder and Managing Partner of Kensington Merchant Partners, an investment management and corporate development advisory business focused on Financials, Fintech, Insurance, Insuretech, and Blockchain verticals, and has over 20 years of financial and investment experience, with a focus on the technology, blockchain, and fintech industries. Mr. Wiener currently serves on the board of directors of Chain Bridge I, a publicly-traded SPAC, and The National Security Group, Inc., an insurance holding company. Mr. Wiener is a founding team member of investment bank BTIG.

    Michael Abbate currently serves as an advisor to Figure Markets Holdings, Inc. (“Figure Markets”) and is a seasoned investor in the bitcoin mining, AI data center, and energy infrastructure industries. As a former Managing Partner of NovaWulf Digital Management, LP, Mr. Abbate led the stalking horse bid in the Celsius Network LLC bankruptcy and is intimately familiar with Ionic Digital’s assets and the Company’s current business structure. In addition, Mr. Abbate has over 20 years of experience in complex corporate restructuring as a Partner of investment firm King Street Capital Management.

    Contact Information 

    Saratoga Proxy Consulting LLC 
    John Ferguson / Ann Marie Mellone 
    (888) 368-0379 
    (212) 257-1311 
    info@saratogaproxy.com

    The MIL Network